Local Market activity through January 2010

Absorption Rate* comparing August 2009 thru January 2010:

 

	AUG	SEP	OCT	NOV	DEC	JAN
Under 249,999	71 days	130 days	115 days	120 days	143 days	156 days
250,000 - 299,999	110 days	106 days	99 days	97 days	115 days	165 days
300,000 - 399,999	88 days	83 days	94 days	85 days	95 days	148 days
400,000 - 499,999	82 days	83 days	101 days	82 days	108 days	133 days
Over 500,000	131 days	176 days	193 days	160 days	128 days	220 days

 

DULLES ASSOCIATION OF REALTORS (LOUDOUN COUNTY)

 

January listings compared to December: Increased 6% to 1,914.

 

January sales units compared to December: Decreased 37% to 247.

 

January 2010 Sales Units compared to January 2009 Sales Units: Decreased 13%.

 

The average sold price for all homes for January was $382,668, Up 17% compared to 2009.

 

Absorption Rate* comparing August 2009 thru January 2010:

	AUG	SEP	OCT	NOV	DEC	JAN
Under 249,999	132 days	122 days	129 days	137 days	132 days	179 days
250,000 - 299,999	101 days	136 days	109 days	89 days	83 days	162 days
300,000 - 399,999	97 days	92 days	99 days	106 days	101 days	153 days
400,000 - 499,999	145 days	153 days	114 days	163 days	120 days	280 days
Over 500,000	193 days	235 days	253 days	249 days	188 days	427 days

 

PRINCE WILLIAM ASSOCIATION OF REALTORS

 

January listings compared to December: Increased 3% to 2,696.

 

January sales units compared to December: Decreased 19% to 466.

 

January 2010 Sales Units compared to January 2009 Sales Units: Decreased 42%

 

The average sold price for all homes for January was $243,020, Up 20% compared to 2009.

 

Absorption Rate* comparing August 2009 thru January 2010.

 

	AUG	SEP	OCT	NOV	DEC	JAN
Under 249,999	96 days	108 days	102 days	106 days	124 days	145 days
250,000 - 299,999	148 days	132 days	100 days	110 days	134 days	153 days
300,000 - 399,999	121 days	139 days	128 days	129 days	116 days	171 days
400,000 - 499,999	146 days	153 days	164 days	179 days	152 days	248 days
Over 500,000	311 days	325 days	398 days	336 days	392 days	422 days

 

*Absorption Rate is the number of days, at current rates of sale, that would be required to dispose of current inventory, provided no additional listings are added to the market. This calculation accurately tracks market conditions and has been used by the home building industry for more than 30 years.

Posted via web from Jim's posterous