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November 23, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions
Reported by Barb Northam


DC Metro Area, District of Columbia
as of 10/26/2009:
OK--Someone did NOT get their immunization updated! DC may be the only 'market' in the DC/NoVa metro area that's moving down as opposed to up. Where the other jurisdictions are seeing stability and positive increases (albeit small increases), DC is... MORE->

Alexandria, Virginia
as of 10/26/2009:
Alexandria is a slight buyer's market. Prices are down 6% overall from last year this time. NOTE: This is literally community-by-community--as in some areas there are tiny little BIDDING WARS! There's been an increase in the number of homes sold... MORE->

Arlington, Virginia
as of 10/26/2009:
Close in Arlington is still a desirable home base. Sellers---.Do NOT get too excited--- as the average Sold price rings in at $479K. Compared to last year this time, this represents a decrease of 6%(and, down from last month). Like Alexandria... MORE->

Fairfax, Virginia
as of 10/26/2009:
Average Sold Price is down over last year this time, at $428K.(a 4% decrease, but up over last month). Properties are staying on the market an average of 46 days. Homes are selling for an average of only 96% of list price. With the limited number of... MORE->

Fairfax County, Virginia
as of 10/26/2009:
It's not exactly a Buyer's Market in Fairfax County. Buyers have more time to browse, choose and bargain, BUT the market is creeping up----Up 9% over last year this time sold price. The average Sold Price is $416K. Homes are staying on the Market an... MORE->

Falls Church, Virginia
as of 10/26/2009:
There are so few properties on the market at any one time (currently 47), and the average Sold Price is $615K, down 8% over last year!(but up over last month) YIKES! WARNING---These stats are fairly irrelevant as there are SO FEW properties on the... MORE->

Loudoun County, Virginia
as of 10/26/2009:
OK--...YIPPEE SKIPPY!! It may be COMEBACK TIME! Average Sold Price is $388K ( up 7% over last year this time). And, it IS even-steven with last month. Sellers are getting 95% of list price as the sold price!!; and the days on the market average 61.... MORE->

Prince William County, Virginia
as of 10/26/2009:
YIKES!! Because Pr. Wm. has such a variety of housing types, it's stats have reflected starkly the housing downturn. The average Sold Price is down to $249K (versus $230K last year this time)---and it's up over the past three months. Average days on... MORE->


For More Information:

Navigate: Top > District of Columbia > DC Metro Area


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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