Monday, August 10, 2009

Northern Virginia July 2009 update

Overall, the average days-on-market is slightly above 4 months. This means we are in a normal market – neither a buyer’s market nor a seller’s market.

NORTHERN VIRGINIA ASSOCIATION OF REALTORS

July listings compared to June: Decreased 2% to 7,439.

July sales units compared to June: Decreased 5% to 2,053.

July 2009 Sales Units compared to July 2008 Sales Units: Up 11%.

The average sold price for all homes in July was $460,807, Down 5% compared to 2008


DULLES ASSOCIATION OF REALTORS (LOUDOUN COUNTY)

July listings compared to June: Decreased 2% to 2,238.

July sales units compared to June: Decreased 9% to 477.

July 2009 Sales Units compared to July 2008 Sales Units: Decreased 8%.

The average sold price for all homes for July was $379,501, Down 5% compared to 2008.



PRINCE WILLIAM ASSOCIATION OF REALTORS

July listings compared to June: Decreased 1% to 3,093.

July sales units compared to June: Decreased 1% to 787.

July 2009 Sales Units compared to July 2008 Sales Units: Decreased 22%

The average sold price for all homes for July was $233,202, Down 5% compared to 2008.