Things are still pretty tight in terms of inventory despite rising prices and inventory. Our National Association of Realtors Cheif Economist, Lawrence Yun, puts this down the very high levels of employment, and we are certainly seeing that in this area. However, he predicts that increasing new construction and more homeowners considering listing, we may have the makings of a buyer’s market. According to a recent NAR survey, 50% of respondents strongly indicate it is a good time to sell, compared to 28% 2 years ago. Check out the local mareket for NoVA, Jefferson County WV and Frederick County MD:
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 | $524,944.00 | -2% | 196 | 13% | 515 | -12% | 33 | -6% |
Arlington County | $515,000.00 | -2% | 216 | -12% | 598 | 117% | 31 | 0% |
Clarke County | $293,600.00 | -14% | 21 | 5% | 95 | -20% | 58 | -17% |
Fairfax City | $508,000.00 | -8% | 20 | -50% | 124 | -5% | 42 | 35% |
Fairfax County | $485,450.00 | 5% | 1015 | -15% | 3468 | -11% | 28 | -20% |
Falls Church City | $607,500.00 | -5% | 10 | -17% | 50 | 6% | 19 | -34% |
Fauquier County | $389,500.00 | 5% | 76 | -15% | 455 | -12% | 73 | 74% |
Federick County VA | $268,950.00 | 6% | 134 | 6% | 528 | 8% | 47 | -2% |
King George County | $301,500.00 | 13% | 16 | -58% | 158 | 14% | 21 | -32% |
Loudoun County | $485,000.00 | 2% | 436 | -23% | 1362 | -16% | 35 | 13% |
Manassass City | $289,000.00 | 7% | 41 | -24% | 116 | -15% | 18 | -22% |
Manassass Park City | $279,000.00 | -19% | 12 | -37% | 33 | -38% | 30 | -17% |
Prince William County | $365,000.00 | 8% | 498 | -15% | 1666 | -2% | 30 | 0% |
Stafford County | $325,000.00 | 2% | 204 | 7% | 798 | -3% | 32 | -3% |
Warren County | $235,500.00 | 0% | 54 | -21% | 271 | -17% | 45 | -25% |
Jefferson County WV | $259,450.00 | 9% | 70 | -11% | 338 | -8% | 36 | -32% |
Frederick County MD | $319,450.00 | 7% | 307 | -21% | 1208 | -9% | 37 | 0% |
Montgomery County MD | $420,000.00 | 2% | 860 | -13% | 2797 | -12% | 34 | -11% |
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