5. Local Market Update
July 2017
Northern Virginia Available UC Abs Rate
< $100,000 13 0 0.00
$100,000–$199,999 157 104 1.51
$200,000-$299,999 373 246 1.52
$300,000-$399,999 471 297 1.59
$400,000-$499,999 479 344 1.39
$500,000-$599,999 504 269 1.87
$600,000-$699,999 477 203 2.35
Source: Bright MLS; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. August 11, 2017
6. Local Market Update
July 2017
Northern Virginia Available UC Abs Rate
$700,000-$799,999 351 153 2.29
$800,000-$899,999 305 88 3.47
$900,000-$999,999 232 56 4.14
$1M -$1.49M 527 112 4.71
$1.5M -2.49 368 35 10.51
$2.5 million + 140 10 14.00
Overall 4,397 1,917 2.29
Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30
days. The absorption rate is the number of months it would take to deplete the inventory August 11, 2017
7. NoVA Stats- July
Avg. SP- +4.59%
Units Sold- +1.90%
DOM- -12.20% to 36 days
Source: Bright MLS August 11, 2017 Year over year
8. Local Market Update
July 2017
Prince William Available UC Abs Rate
< $100,000 1 2 .50
$100,000–$199,999 52 36 1.44
$200,000-$299,999 232 175 1.33
$300,000-$399,999 341 221 1.54
$400,000-$499,999 292 150 1.95
$500,000-$599,999 222 68 3.26
$600,000-$699,999 123 25 4.92
Source: Bright MLS August 11, 2017
9. Local Market Update
July 2017
Prince William Available UC Abs Rate
$700,000-$799,999 44 11 4.00
$800,000-$899,999 32 2 16.00
$900,000-$999,999 13 3 4.33
$1M -$1.49M 21 0 0.00
$1.5M -2.49 8 0 0.00
$2.5 million + 3 0 0.00
Overall 1,384 693 2.00
Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30
days. The absorption rate is the number of months it would take to deplete the inventory. August 11, 2017
11. Local Market Update
July 2017
Loudoun Available UC Abs Rate
$700,000-$799,999 199 49 4.06
$800,000-$899,999 110 19 5.79
$900,000-$999,999 61 12 5.08
$1M -$1.49M 111 12 9.25
$1.5M -2.49 51 3 17.00
$2.5 million + 29 0 0.00
Overall 1,472 529 2.49
Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30
days. The absorption rate is the number of months it would take to deplete the inventory. August 11, 2017
12. Local Market Update
No. VA Current July 2016 Var
Available 4,376 4,991 -12%
UC Last 30 Days 1,981 2,030 -2%
Sold Last 30 Days 2,251 2,209 +2%
Absorption Rate 2.21 2.46
As of August 11, 2017
13. Local Market Update
Fairfax Co. Current July 2016 Var
Available 3,253 3,749 -13%
UC Last 30 Days 1,455 1,522 -4%
Sold Last 30 Days 1,642 1,617 +2%
Absorption Rate 2.24 2.46
As of August 11, 2017
14. Fairfax Co. Stats- July
Avg. SP- +6.36%
Units Sold- +1.55%
DOM- -12.20% to 36 days
Source: Bright MLS August 11, 2017 Year over year
15. Local Market Update
Alexandria City Current July 2016 Var
Available 449 482 -7%
UC Last 30 Days 214 204 +5%
Sold Last 30 Days 250 253 -1%
Absorption Rate 2.10 2.36
As of August 11, 2017
16. Local Market Update
Arlington Co. Current July 2016 Var
Available 554 630 -12%
UC Last 30 Days 257 262 -2%
Sold Last 30 Days 297 285 +4%
Absorption Rate 2.16 2.40
As of August 11, 2017
17. Local Market Update
Annandale Current July 2016 Var
Available 131 121 +8%
UC Last 30 Days 48 66 -27%
Sold Last 30 Days 62 57 +9%
Absorption Rate 2.73 1.83
As of August 11, 2017
SELLERS
MARKET
18. Local Market Update
Ashburn Current July 2016 Var
Available 300 360 -17%
UC Last 30 Days 181 187 -3%
Sold Last 30 Days 207 195 +6%
Absorption Rate 1.66 1.93
As of August 11, 2017
SELLERS
MARKET
19. Local Market Update
Bristow Current July 2016 Var
Available 78 94 -17%
UC Last 30 Days 59 60 -2%
Sold Last 30 Days 57 61 -7%
Absorption Rate 1.32 1.57
As of August 11, 2017
SELLERS
MARKET
20. Local Market Update
Burke Current July 2016 Var
Available 75 80 -6%
UC Last 30 Days 67 61 +10%
Sold Last 30 Days 67 78 -14%
Absorption Rate 1.12 1.31
As of August 11, 2017
SELLERS
MARKET
21. Local Market Update
Centreville Current July 2016 Var
Available 167 188 -11%
UC Last 30 Days 95 104 -9%
Sold Last 30 Days 102 129 -21%
Absorption Rate 1.76 1.81
As of August 11, 2017
SELLERS
MARKET
22. Local Market Update
Chantilly Current July 2016 Var
Available 123 186 -34%
UC Last 30 Days 91 76 +20%
Sold Last 30 Days 80 97 -18%
Absorption Rate 1.35 2.45
As of August 11, 2017
SELLERS
MARKET
23. Local Market Update
Clifton Current July 2016 Var
Available 67 90 -26%
UC Last 30 Days 23 24 -4%
Sold Last 30 Days 25 22 +14%
Absorption Rate 2.91 3.75
As of August 11, 2017
24. Local Market Update
Fairfax Current July 2016 Var
Available 391 442 -12%
UC Last 30 Days 225 213 +6%
Sold Last 30 Days 277 229 +21%
Absorption Rate 1.74 2.06
As of August 11, 2017
SELLERS
MARKET
25. Local Market Update
Fairfax Station Current July 2016 Var
Available 82 71 +15%
UC Last 30 Days 21 13 +62%
Sold Last 30 Days 30 16 +88%
Absorption Rate 3.90 5.46
As of August 11, 2017
26. Local Market Update
Gainesville Current July 2016 Var
Available 163 175 -7%
UC Last 30 Days 70 78 -10%
Sold Last 30 Days 79 69 +14%
Absorption Rate 2.33 2.24
As of August 11, 2017
27. Local Market Update
Great Falls Current July 2016 Var
Available 153 200 -24%
UC Last 30 Days 29 26 +12%
Sold Last 30 Days 24 27 -11%
Absorption Rate 5.28 7.69
As of August 11, 2017
28. Local Market Update
Haymarket Current July 2016 Var
Available 134 196 -32%
UC Last 30 Days 51 69 -26%
Sold Last 30 Days 76 53 +43%
Absorption Rate 2.63 2.84
As of August 11, 2017
29. Local Market Update
Herndon Current July 2016 Var
Available 213 234 -9%
UC Last 30 Days 107 98 +9%
Sold Last 30 Days 98 104 -6%
Absorption Rate 1.99 2.39
As of August 11, 2017
30. Local Market Update
Leesburg Current July 2016 Var
Available 344 433 -21%
UC Last 30 Days 118 155 -22%
Sold Last 30 Days 157 144 +9%
Absorption Rate 2.92 2.79
As of August 11, 2017
SELLERS
MARKET
31. Local Market Update
Manassas Current July 2016 Var
Available 361 434 -17%
UC Last 30 Days 224 233 -4%
Sold Last 30 Days 219 217 +1%
Absorption Rate 1.61 1.86
As of August 11, 2017
SELLERS
MARKET
32. Local Market Update
McLean Current July 2016 Var
Available 343 407 -16%
UC Last 30 Days 76 74 +3%
Sold Last 30 Days 103 86 +20%
Absorption Rate 4.51 5.50
As of August 11, 2017
33. Local Market Update
Oakton Current July 2016 Var
Available 93 98 -5%
UC Last 30 Days 28 32 -13%
Sold Last 30 Days 30 27 +11%
Absorption Rate 3.32 3.06
As of August 11, 2017
34. Local Market Update
Reston Current July 2016 Var
Available 264 304 -13%
UC Last 30 Days 91 98 -7%
Sold Last 30 Days 130 135 -4%
Absorption Rate 2.90 3.10
As of August 11, 2017
SELLERS
MARKET
35. Local Market Update
Springfield Current July 2016 Var
Available 185 230 -20%
UC Last 30 Days 124 135 -8%
Sold Last 30 Days 139 153 -9%
Absorption Rate 1.49 1.70
As of August 11, 2017
SELLERS
MARKET
36. Local Market Update
Sterling Current July 2016 Var
Available 162 221 -27%
UC Last 30 Days 113 150 -25%
Sold Last 30 Days 136 133 +2%
Absorption Rate 1.43 1.47
As of August 11, 2017
SELLERS
MARKET
37. Local Market Update
Vienna Current July 2016 Var
Available 216 292 -26%
UC Last 30 Days 73 95 -23%
Sold Last 30 Days 95 99 -4%
Absorption Rate 2.96 3.07
As of August 11, 2017
SELLERS
MARKET
39. Local Market Update
Woodbridge Current July 2016 Var
Available 504 587 -14%
UC Last 30 Days 319 314 +2%
Sold Last 30 Days 356 340 +5%
Absorption Rate 1.58 1.87
As of August 11, 2017
SELLERS
MARKET
40. Local Market Update
DC Current July 2016 Var
Available 1,363 1,263 +8%
UC Last 30 Days 842 786 +7%
Sold Last 30 Days 839 757 +11%
Absorption Rate 1.62 1.61
As of August 11, 2017
SELLERS
MARKET
41. Local Market Update
Loudoun Co. Current July 2016 Var
Available 1,479 1,756 -16%
UC Last 30 Days 607 668 -9%
Sold Last 30 Days 676 646 +5%
Absorption Rate 2.44 2.63
As of August 11, 2017
SELLERS
MARKET
42. Local Market Update
Prince William Current July 2016 Var
Available 1,351 1,507 -10%
UC Last 30 Days 718 763 -6%
Sold Last 30 Days 787 750 +5%
Absorption Rate 1.88 1.98
As of August 11, 2017
SELLERS
MARKET