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Northern Virginia Real Estate Report - 02 June 2007
By robertearl | June 2, 2007
12,359 Actives Properties Available, Down from 14,642 in 2006.
Under Contract properties are at 3,355. (SEE PAGE 2 FOR UNDER CONTRACT TREND REPORT) The area has averaged 1,406.67 Solds per month over the past 90 days. 4,220 properties have sold over the past 90 Days.
Average SOLD Price at $507,546.40. Average Active List Price at $653,674.88.
The Average Under Contract Price is at $622,219.52.
Average Sold Price is down $34,475.22 from this same period in 2006.
Days on Market for Sold Properties at 85.72 days.
Active Average at 101.35 days. Under Contract average Days on Market at 72.18 days.
Months Supply & Active vs. Under Contract Ratio Chart
The Months Supply chart measure the number of months of inventory on the market if no other properties were listed, based upon the last 90 days average sales rate. This number is 11.17. (At this rate, it will take until approx. 2 May 2008 to sell all of the inventory of Active Listings currently on the market).
The Active vs. Under Contract ratio is at 3.68.
©2005,2006,2007 Robert Earl. Data for this Northern Virginia Real Estate report is compiled by Robert Earl from the MRIS/MLS system and includes Fairfax, Loudoun & Arlington Counties along with Alexandria City, Falls Church City & Fairfax City.
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