We thought we had record low inventory in February but continued in March in many counties – 50% of homes listed in Loudoun County sold in less than 8 days! Average days on the market throughout the Northern Virginia region went from 48 to 44 days. If you are thinking of selling, now is a great time! And if you arethinking of buying, mortgage rates are at historic lows as are down payment requirements from lenders. You no longer need even 10% down in some cases.
Here are the sales numbers by county and city for March 2017:
| Median Price | Change Since Last Year % | Sales | Change Since Last Year | Active Inventory | Change Since Last Year | Days On Market | Change Since Last Year | |
| Alexandria City | $485,000 | 5% | 221 | 4% | 447 | -8% | 33 | -25% |
| Arlington County | $515,000 | -2% | 253 | 13% | 551 | -2% | 38 | -25% |
| Clarke County | $315,000 | 17% | 15 | -12% | 87 | -31% | 144 | 16% |
| Fairfax City | $494,000 | 9% | 40 | 38% | 103 | 2% | 38 | -12% |
| Fairfax County | $498,900 | 8% | 1255 | 13% | 3,064 | -20% | 37 | -24% |
| Falls Church City | $605,000 | -36% | 13 | -19% | 41 | -2% | 42 | 5% |
| Fauquier County | $349,000 | 6% | 81 | 8% | 419 | -3% | 60 | -5% |
| King George County | $284,900 | -16% | 35 | 25% | 105 | -29% | 84 | 40% |
| Loudoun County | $435,000 | -3% | 509 | 1% | 1,374 | -21% | 35 | -29% |
| Manassass City | $287,500 | 15% | 58 | 18% | 95 | -30% | 36 | -25% |
| Manassass Park City | $258,450 | -9% | 30 | 47% | 27 | -53% | 49 | 48% |
| Prince William County | $340,000 | 5% | 591 | 4% | 1284 | -26% | 37 | -26% |
| Stafford County | $315,000 | 2% | 191 | 6% | 663 | -10% | 56 | -11% |
| Warren County | $222,500 | 15% | 54 | 15% | 237 | -23% | 140 | -33% |
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