Inventory of active listings (single family + condos) decreased from 8235 at the end of June to 7887 at the end of July. Total sales decreased from 1453 units to 1392. The absorbtion rate or month's supply remained unchanged at 5.67 months. Average Days on Market for those properties actually selling increased from 87 to 94. The average sales price of listings actually sold during July decreased 3.5% from $484,855 to $467,897. Thus followed a 3.37% increase in the previous month,
ZIP Codes: 22030, 22124, 22180, 22181, 22182, 22183, 22184, 22015, 22031, 22032, 22033, 22039, 22003 Approximate Location Boundaries: Serving all of Northern VA including Fairfax, Arlington, Alexandria, Prince William and Loudoun Counties
Location Characteristics: Northern Virginia is a lovely area with a strong local economy and access to the cultural amenities of our Nations Capital. Fairfax is by far the largest jurisdiction in the area with a population of well over 1 million.
About Ron Fowler:
Selecting a Realtor is a very important decision! A home is usually the single largest purchase in your lifetime. In today's complicated market it is important to have an experienced professional to help you with your real estate needs. When choosing a realtor you should consider their reputation, marketing approach, market knowledge, and their commitment to putting the needs of their clients first. I am a graduate of the United States Merchant Marine Academy at Kings Point and hold a Masters Degree in Business Administration from New York University. I am also actively involved with the community as a volunteer coach and Scout Leader, and as the father of 11 children, I understand the needs of individuals & families transferring into and out of the Washington metropolitan area.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
