Showing posts with label October 2008 Real Estate. Show all posts
Showing posts with label October 2008 Real Estate. Show all posts

Monday, November 10, 2008

Northern Virginia Real Estate Market Update - October 2008

It's Northern Virginia Real Estate Market Update Time! Once again, The Northern Virginia Association of Realtors has published the Year-To-Date Market stats through October 2008 for the following counties and cities: Arlington & Fairfax County, the cities of Falls Church, Alexandria, Fairfax, and the towns of Herndon, Vienna, and Clifton. See stats below:

Total Year to Date Sales
2008: 14,970
2007: 15,778

Total October Sales
2008: 1,457
2007: 1,123

Average Sales Price
2008: $427,402
2007: $520,829

Average Days on the Market
October 2008: 94
October 2007: 89

Absorption Rates (ie. # of months to sell through the current supply of inventory)
October 2008: 6.04
October 2007: 9.23

I'm always available for more statistics for the area, or specific areas. Call anytime: 703.283.6120