We had record low inventory in Northern Virginia again in February. For example, in Loudoun County we had the lowest recorded inventory in 10 years, with only 1.6 months of supply heading into March. Median prices grew 6% over last year in Loudoun, & 7% in Fairfax and 17% in Alexandria! Houses in Loudoun sold at 98.1% of list price in Loudoun and 97.7% in the rest of Northern Virginia.
Here are the stats for all of the cities and counties:
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 | $560,500.00 | 20% | 166 | 13% | 366 | -18% | 45 | 18% |
Arlington County | $530,000.00 | 1% | 177 | 1% | 427 | -11% | 43 | -22% |
Clarke County | $403,650.00 | 19% | 16 | 7% | 88 | 9% | 48 | -47% |
Fairfax City | $506,500.00 | 6% | 28 | 0% | 100 | 23% | 54 | 4% |
Fairfax County | $490,000.00 | 7% | 775 | -12% | 2093 | -23% | 42 | -14% |
Falls Church City | $674,500.00 | 10% | 6 | -57% | 30 | -3% | 53 | 212% |
Fauquier County | $390,000.00 | -1% | 71 | 45% | 318 | -18% | 80 | -9% |
King George County | $306,450.00 | -1% | 12 | -40% | 102 | 6% | 59 | 16% |
Loudoun County | $449,000.00 | 6% | 341 | -12% | 997 | -20% | 39 | -5% |
Manassass City | $275,000.00 | -5% | 51 | 21% | 68 | -19% | 50 | -2% |
Manassass Park City | $288,900.00 | 19% | 17 | -19% | 17 | -35% | 22 | -27% |
Prince William County | $348,000.00 | 5% | 391 | -8% | 1052 | -17% | 38 | -12% |
Stafford County | $346,000.00 | 13% | 143 | 1% | 533 | -19% | 55 | 0% |
Warren County | $205,000.00 | -1% | 47 | 16% | 219 | -7% | 87 | 40% |
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