February’s markets behaved unusually, to say the least… prices, sales and inventory were down, and days on market were up generally. These three trends would generally indicate a buyer’s market. While that is true in some of the slower moving (more expnesive or further out from DC), it is certiainly not how the larger markets such as Fairfax, Loudoun, Prince William and Frederick feel. They still feel like seller’s market with only over priced and/ or out dated properties lingering. I believe these properties are distorting the overall days on market statistics.
Check your town or county below to see what happenned in February:
| 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 | $522,500 | -7% | 176 | 4% | 167 | -51% | 42 | -13% |
| Arlington County | $567,500 | 5% | 179 | -7% | 239 | -39% | 44 | -6% |
| Clarke County | $379,500 | -23% | 10 | -38% | 63 | -10% | 98 | 104% |
| Fairfax City | $490,000 | -3% | 25 | -11% | 44 | -56% | 65 | 33% |
| Fairfax County | $490,000 | 1% | 799 | 0% | 1677 | -14% | 50 | 9% |
| Falls Church City | $827,500 | 23% | 4 | -33% | 27 | 93% | 67 | 26% |
| Fauquier County | $377,250 | -3% | 57 | -17% | 309 | 9% | 80 | -4% |
| Federick County VA | $247,950 | -2% | 81 | -10% | 406 | 16% | 75 | 27% |
| King George County | $250,000 | -19% | 29 | 142% | 93 | -5% | 88 | 49% |
| Loudoun County | $470,250 | 5% | 303 | -17% | 805 | -13% | 52 | 21% |
| Manassass City | $331,250 | 24% | 32 | -37% | 51 | -26% | 61 | 13% |
| Manassass Park City | $269,000 | -7% | 13 | -28% | 17 | -26% | 62 | 182% |
| Prince William County | $370,000 | 6% | 390 | -3% | 811 | -16% | 62 | 41% |
| Stafford County | $325,000 | -7% | 125 | -18% | 584 | 5% | 70 | 11% |
| Warren County | $209,950 | -5% | 28 | -40% | 205 | -4% | 105 | 15% |
| Jefferson County WV | $206,700 | -10% | 32 | -49% | 271 | 7% | 101 | 36% |
| Frederick County MD | $299,900 | -1% | 236 | -11% | 961 | 8% | 69 | 8% |
| Montgomery County MD | $415,000 | 1% | 664 | 3% | 1089 | -40% | 64 | 16% |
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[…] DC Metro markets were rather strange, looking like a buyer’s market on paper, but but not behaving like it for those of us in it! […]