October market absorption for the Northern Virginia and Washington DC markets, homes for sale, average sales prices and information for Fairfax County, Loudoun County and Prince William County
5. Local Market Update
October 2017
Northern Virginia Available UC Abs Rate
< $100,000 13 1 13.00
$100,000ā$199,999 175 76 2.30
$200,000-$299,999 383 197 1.94
$300,000-$399,999 366 277 1.32
$400,000-$499,999 357 312 1.14
$500,000-$599,999 421 238 1.77
$600,000-$699,999 348 191 1.82
Source: Bright MLS; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. November 19, 2017
6. Local Market Update
October 2017
Northern Virginia Available UC Abs Rate
$700,000-$799,999 295 127 2.32
$800,000-$899,999 225 96 2.34
$900,000-$999,999 181 61 2.97
$1M -$1.49M 428 107 4.00
$1.5M -2.49 319 36 8.86
$2.5 million + 137 9 15.22
Overall 3,648 1,728 2.11
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 November 19, 2017
7. NoVA Stats- October
Avg. SP- +3.02%
Units Sold- +7.27%
DOM- -15.38% to 44 days
Source: Bright MLS November 19, 2017 Year over year
8. Local Market Update
October 2017
Prince William Available UC Abs Rate
< $100,000 0 0 0.00
$100,000ā$199,999 28 36 .78
$200,000-$299,999 175 180 .97
$300,000-$399,999 261 172 1.52
$400,000-$499,999 219 134 1.63
$500,000-$599,999 181 54 3.35
$600,000-$699,999 111 20 5.55
Source: Bright MLS November 19, 2017
9. Local Market Update
October 2017
Prince William Available UC Abs Rate
$700,000-$799,999 33 8 4.13
$800,000-$899,999 21 3 7.00
$900,000-$999,999 16 0 0.00
$1M -$1.49M 15 1 15.00
$1.5M -2.49 8 0 0.00
$2.5 million + 3 0 0.00
Overall 1,071 608 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. November 19, 2017
11. Local Market Update
October 2017
Loudoun Available UC Abs Rate
$700,000-$799,999 147 30 4.90
$800,000-$899,999 90 21 4.29
$900,000-$999,999 34 3 11.33
$1M -$1.49M 89 17 5.24
$1.5M -2.49 43 0 0.00
$2.5 million + 33 0 0.00
Overall 1,191 535 2.23
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. November 19, 2017
12. Local Market Update
No. VA Current Oct 2016 Var
Available 4,039 4,437 -9%
UC Last 30 Days 1,798 1,731 +4%
Sold Last 30 Days 1,652 1,540 +7%
Absorption Rate 2.25 2.56
As of November 19, 2017
13. Local Market Update
Fairfax Co. Current Oct 2016 Var
Available 2,902 3,298 -12%
UC Last 30 Days 1,258 1,221 +3%
Sold Last 30 Days 1,129 1,110 +2%
Absorption Rate 2.31 2.70
As of November 19, 2017
14. Fairfax Co. Stats- October
Avg. SP- +2.95%
Units Sold- +1.71%
DOM- -15.09% to 45 days
Source: Bright MLS November 19, 2017 Year over year
15. Local Market Update
Alexandria City Current Oct 2016 Var
Available 483 443 +9%
UC Last 30 Days 220 220 0%
Sold Last 30 Days 210 158 +33%
Absorption Rate 2.20 2.01
As of November 19, 2017
16. Local Market Update
Arlington Co. Current Oct 2016 Var
Available 554 578 -4%
UC Last 30 Days 274 245 +12%
Sold Last 30 Days 254 237 +7%
Absorption Rate 2.02 2.36
As of November 19, 2017
17. Local Market Update
Annandale Current Oct 2016 Var
Available 139 126 +10%
UC Last 30 Days 55 52 +6%
Sold Last 30 Days 52 54 -4%
Absorption Rate 2.53 2.42
As of November 19, 2017
SELLERS
MARKET
18. Local Market Update
Ashburn Current Oct 2016 Var
Available 277 298 -7%
UC Last 30 Days 152 158 -4%
Sold Last 30 Days 144 148 -3%
Absorption Rate 1.82 1.89
As of November 19, 2017
SELLERS
MARKET
19. Local Market Update
Bristow Current Oct 2016 Var
Available 53 80 -34%
UC Last 30 Days 44 42 +5%
Sold Last 30 Days 53 49 +8%
Absorption Rate 1.20 1.90
As of November 19, 2017
SELLERS
MARKET
20. Local Market Update
Burke Current Oct 2016 Var
Available 92 82 +12%
UC Last 30 Days 41 52 -21%
Sold Last 30 Days 34 42 -19%
Absorption Rate 2.24 1.58
As of November 19, 2017
SELLERS
MARKET
21. Local Market Update
Centreville Current Oct 2016 Var
Available 132 189 -30%
UC Last 30 Days 95 96 -1%
Sold Last 30 Days 99 80 +24%
Absorption Rate 1.39 1.97
As of November 19, 2017
SELLERS
MARKET
22. Local Market Update
Chantilly Current Oct 2016 Var
Available 109 138 -21%
UC Last 30 Days 60 64 -6%
Sold Last 30 Days 53 69 -23%
Absorption Rate 1.82 2.16
As of November 19, 2017
SELLERS
MARKET
23. Local Market Update
Clifton Current Oct 2016 Var
Available 51 65 -22%
UC Last 30 Days 22 18 +22%
Sold Last 30 Days 13 12 +8%
Absorption Rate 2.32 3.61
As of November 19, 2017
SELLERS
MARKET
24. Local Market Update
Fairfax Current Oct 2016 Var
Available 370 340 +9%
UC Last 30 Days 147 173 -15%
Sold Last 30 Days 158 164 -4%
Absorption Rate 2.52 1.97
As of November 19, 2017
SELLERS
MARKET
25. Local Market Update
Fairfax Station Current Oct 2016 Var
Available 59 60 -2%
UC Last 30 Days 18 17 +6%
Sold Last 30 Days 13 18 +28%
Absorption Rate 3.28 3.53
As of November 19, 2017
26. Local Market Update
Gainesville Current Oct 2016 Var
Available 127 146 -13%
UC Last 30 Days 48 58 -17%
Sold Last 30 Days 60 57 +5%
Absorption Rate 2.65 2.52
As of November 19, 2017
27. Local Market Update
Great Falls Current Oct 2016 Var
Available 155 160 -3%
UC Last 30 Days 25 17 +47%
Sold Last 30 Days 16 20 -20%
Absorption Rate 6.20 9.41
As of November 19, 2017
28. Local Market Update
Haymarket Current Oct 2016 Var
Available 114 158 -28%
UC Last 30 Days 47 33 +42%
Sold Last 30 Days 30 43 -30%
Absorption Rate 2.43 4.79
As of November 19, 2017
SELLERS
MARKET
29. Local Market Update
Herndon Current Sept 2016 Var
Available 169 209 -19%
UC Last 30 Days 92 70 +31%
Sold Last 30 Days 79 64 +23%
Absorption Rate 1.84 2.99
As of October 16, 2017
30. Local Market Update
Leesburg Current Oct 2016 Var
Available 295 361 -18%
UC Last 30 Days 126 136 -7%
Sold Last 30 Days 106 125 -15%
Absorption Rate 2.34 2.65
As of November 19, 2017
SELLERS
MARKET
31. Local Market Update
Manassas Current Oct 2016 Var
Available 371 370 0%
UC Last 30 Days 182 206 -12%
Sold Last 30 Days 180 167 +8%
Absorption Rate 2.04 1.80
As of November 19, 2017
SELLERS
MARKET
32. Local Market Update
McLean Current Oct 2016 Var
Available 316 400 -21%
UC Last 30 Days 88 70 +26%
Sold Last 30 Days 63 64 -2%
Absorption Rate 3.59 5.71
As of November 19, 2017
33. Local Market Update
Oakton Current Oct 2016 Var
Available 77 85 -9%
UC Last 30 Days 34 19 +79%
Sold Last 30 Days 28 20 +40%
Absorption Rate 2.26 4.47
As of November 19, 2017
SELLERS
MARKET
34. Local Market Update
Reston Current Oct 2016 Var
Available 241 260 -7%
UC Last 30 Days 92 95 -3%
Sold Last 30 Days 96 93 +3%
Absorption Rate 2.62 2.74
As of November 19, 2017
SELLERS
MARKET
35. Local Market Update
Springfield Current Oct 2016 Var
Available 156 185 -16%
UC Last 30 Days 84 113 -26%
Sold Last 30 Days 102 100 +2%
Absorption Rate 1.86 1.64
As of November 19, 2017
SELLERS
MARKET
36. Local Market Update
Sterling Current Oct 2016 Var
Available 142 186 -24%
UC Last 30 Days 103 99 +4%
Sold Last 30 Days 82 103 -20%
Absorption Rate 1.38 1.88
As of November 19, 2017
SELLERS
MARKET
37. Local Market Update
Vienna Current Oct 2016 Var
Available 185 246 -25%
UC Last 30 Days 88 77 +14%
Sold Last 30 Days 57 64 -11%
Absorption Rate 2.10 3.19
As of November 19, 2017
SELLERS
MARKET
39. Local Market Update
Woodbridge Current Oct 2016 Var
Available 415 521 -20%
UC Last 30 Days 300 267 +12%
Sold Last 30 Days 238 266 -11%
Absorption Rate 1.38 1.95
As of November 19, 2017
SELLERS
MARKET
40. Local Market Update
DC Current Oct 2016 Var
Available 1,595 1,374 +16%
UC Last 30 Days 870 844 +3%
Sold Last 30 Days 831 630 +32%
Absorption Rate 1.83 1.63
As of November 19, 2017
SELLERS
MARKET
41. Local Market Update
Loudoun Co. Current Oct 2016 Var
Available 1,312 1,515 -13%
UC Last 30 Days 556 548 +1%
Sold Last 30 Days 496 499 -1%
Absorption Rate 2.36 2.76
As of November 19, 2017
SELLERS
MARKET
42. Local Market Update
Prince William Current Oct 2016 Var
Available 1,178 1,348 -13%
UC Last 30 Days 630 602 +5%
Sold Last 30 Days 562 563 0%
Absorption Rate 1.87 2.24
As of November 19, 2017
SELLERS
MARKET