The document provides real estate statistics for Fairfax, Prince William, and Loudoun Counties in Northern Virginia. It shows that as of April 2017, housing inventory is down while home sales are up in the past year across the regions. Absorption rates also indicate seller's market conditions in many local cities and towns.
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10 Vital Stats for NoVA Real Estate Markets
1.
2. 10 Vital Statistics You Must Know
Fairfax Co. Stats YTD
ā¢Total listings- 2,666
ā¢Avg LP- $559,237
ā¢Avg SP- $548,970
ā¢LP/ SP- 97.4%
ā¢DOM- 62
ā¢Sales YTD- 2,952 (+8.53%)
ā¢Appreciation/ Depreciation- +5.32%
ā¢Months of Supply- 1.37
ā¢Interest Rate- 4.22%
Source: MRIS, Inc. April 17, 2017
3. 10 Vital Statistics You Must Know
Prince William Co. Stats YTD
ā¢Total listings- 1,080
ā¢Avg LP- $367,815
ā¢Avg SP- $363,659
ā¢LP/ SP- 97.3%
ā¢DOM- 54
ā¢Sales YTD- 1,413 (+9.96%)
ā¢Appreciation/ Depreciation- +3.07%
ā¢Months of Supply- 1.21
ā¢Interest Rate- 4.22%
Source: MRIS, Inc. April 17, 2017
4. 10 Vital Statistics You Must Know
Loudoun Co. Stats YTD
ā¢Total listings- 1,263
ā¢Avg LP- $483,142
ā¢Avg SP- $477,860
ā¢LP/ SP- 97.8%
ā¢DOM- 54
ā¢Sales YTD- 1,247 (+4.35%)
ā¢Appreciation/ Depreciation- +1.28%
ā¢Months of Supply- 1.62
ā¢Interest Rate- 4.22%
Source: MRIS, Inc. April 17, 2017
5. Local Market Update
March 2017
Northern Virginia Available UC Abs Rate
< $100,000 12 5 2.40
$100,000ā$199,999 153 128 1.20
$200,000-$299,999 311 273 1.14
$300,000-$399,999 324 349 .93
$400,000-$499,999 328 435 .75
$500,000-$599,999 356 391 .91
$600,000-$699,999 355 295 1.20
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. April 17, 2017
6. Local Market Update
March 2017
Northern Virginia Available UC Abs Rate
$700,000-$799,999 335 198 1.69
$800,000-$899,999 285 145 1.97
$900,000-$999,999 201 77 2.61
$1M -$1.49M 556 172 3.23
$1.5M -2.49 374 42 8.90
$2.5 million + 165 11 15.00
Overall 3,755 2,521 1.49
Absorption Rate = the number of active listings/by the number of homes marked āunder contractā in the past 30
days. The absorption rate is the number of months it would take to deplete the inventory April 17, 2017
7. No VA Stats- March
Avg. SP- +5.27%
Units Sold- +15.37%
DOM- -21.21% to 52 days
Source: MRIS, Inc. April 17, 2017 Year over year
8. Local Market Update
March 2017
Prince William Available UC Abs Rate
< $100,000 1 0 0.00
$100,000ā$199,999 36 41 .88
$200,000-$299,999 145 258 .56
$300,000-$399,999 241 201 1.20
$400,000-$499,999 197 193 1.02
$500,000-$599,999 205 104 1.97
$600,000-$699,999 119 29 4.10
Source: MRIS, Inc. April 17, 2017
9. Local Market Update
March 2017
Prince William Available UC Abs Rate
$700,000-$799,999 58 10 5.80
$800,000-$899,999 28 7 4.00
$900,000-$999,999 14 2 7.00
$1M -$1.49M 24 1 24.00
$1.5M -2.49 7 0 0.00
$2.5 million + 3 0 0.00
Overall 1,078 846 1.27
Absorption Rate = the number of active listings/by the number of homes marked āunder contractā in the past 30
days. The absorption rate is the number of months it would take to deplete the inventory. April 17, 2017
10. Local Market Update
March 2017
Loudoun Available UC Abs Rate
< $100,000 3 0 0.00
$100,000ā$199,999 25 16 1.56
$200,000-$299,999 34 68 .50
$300,000-$399,999 127 160 .79
$400,000-$499,999 157 174 .90
$500,000-$599,999 184 117 1.57
$600,000-$699,999 238 115 2.07
Source: MRIS, Inc. April 17, 2017
11. Local Market Update
March 2017
Loudoun Available UC Abs Rate
$700,000-$799,999 168 59 2.85
$800,000-$899,999 129 18 7.17
$900,000-$999,999 52 8 6.50
$1M -$1.49M 125 12 10.42
$1.5M -2.49 52 4 13.00
$2.5 million + 26 1 26.00
Overall 1,320 752 1.76
Absorption Rate = the number of active listings/by the number of homes marked āunder contractā in the past 30
days. The absorption rate is the number of months it would take to deplete the inventory. April 17, 2017
12. Local Market Update
No. VA Current Mar 2016 Var
Available 3,668 4,288 -14%
UC Last 30 Days 2,606 2,458 +6%
Sold Last 30 Days 1,779 1,542 +15%
Absorption Rate 1.41 1.74
As of April 17, 2017
13. Local Market Update
Fairfax Co. Current Mar 2016 Var
Available 2,666 3,231 -17%
UC Last 30 Days 1,943 1,808 +7%
Sold Last 30 Days 1,256 1,083 +16%
Absorption Rate 1.37 1.79
As of April 17, 2017
14. Fairfax Co. Stats- March
Avg. SP- +6.19%
Units Sold- +15.97%
DOM- -23.19% to 53 days
Source: MRIS, Inc. April 17, 2017Year over year
15. Local Market Update
Alexandria City Current Mar 2016 Var
Available 410 433 -5%
UC Last 30 Days 301 287 +5%
Sold Last 30 Days 218 208 +5%
Absorption Rate 1.36 1.51
As of April 17, 2017
16. Local Market Update
Arlington Co. Current Mar 2016 Var
Available 502 541 -7%
UC Last 30 Days 302 308 -2%
Sold Last 30 Days 252 213 +18%
Absorption Rate 1.66 1.76
As of April 17, 2017
17. Local Market Update
Annandale Current Mar 2016 Var
Available 94 111 -15%
UC Last 30 Days 87 80 +9%
Sold Last 30 Days 53 45 +18%
Absorption Rate 1.08 1.39
As of April 17, 2017
SELLERS
MARKET
18. Local Market Update
Ashburn Current Mar 2016 Var
Available 268 351 -24%
UC Last 30 Days 227 193 +18%
Sold Last 30 Days 126 122 +3%
Absorption Rate 1.18 1.82
As of April 17, 2017
SELLERS
MARKET
19. Local Market Update
Bristow Current Mar 2016 Var
Available 90 77 +17%
UC Last 30 Days 66 83 -20%
Sold Last 30 Days 40 44 -9%
Absorption Rate 1.36 .93
As of April 17, 2017
SELLERS
MARKET
20. Local Market Update
Burke Current Mar 2016 Var
Available 58 78 -26%
UC Last 30 Days 76 65 +17%
Sold Last 30 Days 52 42 +24%
Absorption Rate .76 1.20
As of April 17, 2017
SELLERS
MARKET
21. Local Market Update
Centreville Current Mar 2016 Var
Available 143 172 -17%
UC Last 30 Days 143 160 -11%
Sold Last 30 Days 86 83 +4%
Absorption Rate 1.00 1.08
As of April 17, 2017
SELLERS
MARKET
22. Local Market Update
Chantilly Current Mar 2016 Var
Available 102 155 -34%
UC Last 30 Days 110 95 +16%
Sold Last 30 Days 42 52 -19%
Absorption Rate .93 1.63
As of April 17, 2017
SELLERS
MARKET
23. Local Market Update
Clifton Current Mar 2016 Var
Available 57 65 -12%
UC Last 30 Days 38 22 +73%
Sold Last 30 Days 20 7 +186%
Absorption Rate 1.50 2.95
As of April 17, 2017
24. Local Market Update
Fairfax Current Mar 2016 Var
Available 318 364 -13%
UC Last 30 Days 270 253 +7%
Sold Last 30 Days 185 145 +28%
Absorption Rate 1.18 1.44
As of April 17, 2017
SELLERS
MARKET
25. Local Market Update
Fairfax Station Current Mar 2016 Var
Available 64 62 +3%
UC Last 30 Days 32 37 -14%
Sold Last 30 Days 28 22 +27%
Absorption Rate 2.00 1.68
As of April 17, 2017
26. Local Market Update
Gainesville Current Mar 2016 Var
Available 139 152 -9%
UC Last 30 Days 115 99 +16%
Sold Last 30 Days 58 58 0%
Absorption Rate 1.21 1.54
As of April 17, 2017
27. Local Market Update
Great Falls Current Mar 2016 Var
Available 147 190 -23%
UC Last 30 Days 29 35 -17%
Sold Last 30 Days 28 17 +65%
Absorption Rate 5.07 5.43
As of April 17, 2017
28. Local Market Update
Haymarket Current Mar 2016 Var
Available 141 200 -30%
UC Last 30 Days 73 56 +30%
Sold Last 30 Days 56 43 +30%
Absorption Rate 1.93 3.57
As of April 17, 2017
29. Local Market Update
Herndon Current Mar 2016 Var
Available 185 181 +2%
UC Last 30 Days 129 129 0%
Sold Last 30 Days 75 66 +14%
Absorption Rate 1.43 1.40
As of April 17, 2017
30. Local Market Update
Leesburg Current Mar 2016 Var
Available 306 375 -18%
UC Last 30 Days 177 198 -11%
Sold Last 30 Days 143 125 +14%
Absorption Rate 1.73 1.89
As of April 17, 2017
SELLERS
MARKET
31. Local Market Update
Manassas Current Mar 2016 Var
Available 314 373 -16%
UC Last 30 Days 367 250 +7%
Sold Last 30 Days 190 148 +28%
Absorption Rate 1.18 1.49
As of April 17, 2017
SELLERS
MARKET
32. Local Market Update
McLean Current Mar 2016 Var
Available 320 375 -15%
UC Last 30 Days 112 86 +30%
Sold Last 30 Days 66 56 +18%
Absorption Rate 2.86 4.36
As of April 17, 2017
33. Local Market Update
Oakton Current Mar 2016 Var
Available 86 89 -3%
UC Last 30 Days 32 39 -18%
Sold Last 30 Days 28 26 +8%
Absorption Rate 2.69 2.28
As of April 17, 2017
SELLERS
MARKET
34. Local Market Update
Reston Current Mar 2016 Var
Available 208 235 -11%
UC Last 30 Days 155 158 -2%
Sold Last 30 Days 108 87 +24%
Absorption Rate 1.34 1.49
As of April 17, 2017
SELLERS
MARKET
35. Local Market Update
Springfield Current Mar 2016 Var
Available 127 185 -31%
UC Last 30 Days 174 161 +8%
Sold Last 30 Days 97 100 -3%
Absorption Rate .73 1.15
As of April 17, 2017
SELLERS
MARKET
36. Local Market Update
Sterling Current Mar 2016 Var
Available 109 154 -29%
UC Last 30 Days 153 148 +3%
Sold Last 30 Days 105 98 +7%
Absorption Rate .71 1.04
As of April 17, 2017
SELLERS
MARKET
37. Local Market Update
Vienna Current Mar 2016 Var
Available 220 269 -18%
UC Last 30 Days 130 89 +46%
Sold Last 30 Days 86 56 +54%
Absorption Rate 1.69 302
As of April 17, 2017
SELLERS
MARKET
38. 10 Vital Statistics You Must Know
Vienna Stats YTD
ā¢Total listings- 176
ā¢Avg LP- $822,134
ā¢Avg SP- $814,784
ā¢LP/ SP- 97.5%
ā¢DOM- 75
ā¢Sales YTD- 183 (+15.82%)
ā¢Appreciation/ Depreciation- +10.17%
ā¢Months of Supply- 1.69
ā¢Interest Rate- 4.22%
Source: MRIS, Inc. April 17, 2017
39. Local Market Update
Woodbridge Current Mar 2016 Var
Available 331 494 -33%
UC Last 30 Days 387 365 +6%
Sold Last 30 Days 266 233 +14%
Absorption Rate .86 1.35
As of April 17, 2017
SELLERS
MARKET
40. Local Market Update
DC Current Mar 2016 Var
Available 1,266 1,268 0%
UC Last 30 Days 969 942 +3%
Sold Last 30 Days 778 653 +19%
Absorption Rate 1.31 1.35
As of April 17, 2017
SELLERS
MARKET
41. Local Market Update
Loudoun Co. Current Mar 2016 Var
Available 1,263 1,541 -18%
UC Last 30 Days 782 722 +8%
Sold Last 30 Days 502 464 +8%
Absorption Rate 1.62 2.13
As of April 17, 2017
SELLERS
MARKET
42. Local Market Update
Prince William Current Mar 2016 Var
Available 1,080 1,333 -19%
UC Last 30 Days 893 867 +3%
Sold Last 30 Days 585 527 +11%
Absorption Rate 1.21 1.54
As of April 17, 2017
SELLERS
MARKET