January was another tight month for real estate. In fact, my home county, Loudoun County had the lowest level of inventory in the past 10 years according to a study by George Mason University and the first time, median prices in Loudoun County exceeded Fairfax County. Prices in Maryland increased by 5% probably driven by lower inventory according .
Check your town or county below to see what happenned in January:
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 | $450,000 | -12% | 143 | -1% | 170 | -48% | 58 | -19% |
Arlington County | $607,500 | 10% | 166 | 4% | 225 | -38% | 53 | -27% |
Clarke County | $379,500 | 6% | 8 | -58% | 64 | -7% | 91 | -11% |
Fairfax City | $469,000 | -12% | 14 | -63% | 41 | -24% | 80 | -29% |
Fairfax County | $486,000 | 3% | 812 | 1% | 1498 | -15% | 59 | -20% |
Falls Church City | $778,993 | 22% | 9 | -10% | 19 | 46% | 77 | -35% |
Fauquier County | $329,450 | -1% | 48 | 26% | 308 | 9% | 105 | 19% |
Federick County VA | $275,000 | 10% | 79 | -13% | 396 | 14% | 80 | -9% |
King George County | $295,000 | 9% | 11 | -50% | 93 | 7% | 102 | 10% |
Loudoun County | $486,250 | 8% | 295 | -12% | 741 | -19% | 55 | -17% |
Manassass City | $345,000 | 23% | 35 | 13% | 53 | -36% | 71 | -12% |
Manassass Park City | $225,000 | -36% | 15 | 0% | 27 | 42% | 71 | -7% |
Prince William County | $365,000 | 6% | 352 | 4% | 783 | -10% | 67 | -1% |
Stafford County | $329,995 | 3% | 132 | -8% | 562 | 3% | 73 | -10% |
Warren County | $231,500 | 8% | 36 | -10% | 181 | -13% | 71 | -33% |
Jefferson County WV | $242,500 | 9% | 48 | 9% | 251 | 12% | 105 | -2% |
Frederick County MD | $299,000 | -5% | 187 | -28% | 871 | -2% | 66 | -1% |
Montgomery County MD | $400,000 | -2% | 546 | -21% | 1695 | 1% | 68 | -1% |
Wondering what your home is worth in this market? Contact me for your complimentary home valuation.
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