September listing and sales statistics for the Northern Virginia and Washington DC markets, includes homes sold, active listings and average sales prices for the area
5. Local Market Update
September 2017
Northern Virginia Available UC Abs Rate
< $100,000 10 5 2.00
$100,000–$199,999 197 92 2.14
$200,000-$299,999 406 214 1.90
$300,000-$399,999 442 275 1.61
$400,000-$499,999 501 302 1.66
$500,000-$599,999 461 219 2.11
$600,000-$699,999 451 208 2.17
Source: Bright MLS; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. October 16, 2017
6. Local Market Update
September 2017
Northern Virginia Available UC Abs Rate
$700,000-$799,999 374 110 3.40
$800,000-$899,999 293 86 3.41
$900,000-$999,999 231 42 5.50
$1M -$1.49M 527 86 6.13
$1.5M -2.49 341 40 8.53
$2.5 million + 150 10 15.00
Overall 4,383 1,689 2.60
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 October 16, 2017
7. NoVA Stats- September
Avg. SP- +3.92%
Units Sold- -3.28%
DOM- -17.65% to 42 days
Source: Bright MLS October 16, 2017 Year over year
8. Local Market Update
September 2017
Prince William Available UC Abs Rate
< $100,000 0 0 0.00
$100,000–$199,999 45 33 1.36
$200,000-$299,999 219 159 1.38
$300,000-$399,999 305 210 1.45
$400,000-$499,999 253 126 2.01
$500,000-$599,999 213 42 5.07
$600,000-$699,999 119 22 5.41
Source: Bright MLS October 16, 2017
9. Local Market Update
September 2017
Prince William Available UC Abs Rate
$700,000-$799,999 47 4 11.75
$800,000-$899,999 32 2 16.00
$900,000-$999,999 14 0 0.00
$1M -$1.49M 19 2 9.50
$1.5M -2.49 10 0 0.00
$2.5 million + 2 0 0.00
Overall 1,276 600 2.13
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. October 16, 2017
11. Local Market Update
September 2017
Loudoun Available UC Abs Rate
$700,000-$799,999 163 34 4.79
$800,000-$899,999 121 20 6.05
$900,000-$999,999 50 5 10.00
$1M -$1.49M 103 10 10.30
$1.5M -2.49 44 2 22.00
$2.5 million + 32 0 0.00
Overall 1,375 513 2.68
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. October 16, 2017
12. Local Market Update
No. VA Current Sept 2016 Var
Available 4,561 4,855 -6%
UC Last 30 Days 1,756 1,690 +4%
Sold Last 30 Days 1,620 1,675 -3%
Absorption Rate 2.60 2.87
As of October 16, 2017
13. Local Market Update
Fairfax Co. Current Sept 2016 Var
Available 3,313 3,625 -9%
UC Last 30 Days 1,225 1,214 +1%
Sold Last 30 Days 1,156 1,214 -5%
Absorption Rate 2.70 2.99
As of October 16, 2017
14. Fairfax Co. Stats- September
Avg. SP- 0%
Units Sold- -4.78%
DOM- -15.69% to 43 days
Source: Bright MLS October 16, 2017 Year over year
15. Local Market Update
Alexandria City Current Sept 2016 Var
Available 494 463 +7%
UC Last 30 Days 223 202 +10%
Sold Last 30 Days 170 194 -12%
Absorption Rate 2.22 2.29
As of October 16, 2017
16. Local Market Update
Arlington Co. Current Sept 2016 Var
Available 638 642 -1%
UC Last 30 Days 267 245 +9%
Sold Last 30 Days 237 218 +9%
Absorption Rate 2.39 2.62
As of October 16, 2017
17. Local Market Update
Annandale Current Sept 2016 Var
Available 153 125 +22%
UC Last 30 Days 65 61 +7%
Sold Last 30 Days 51 47 +9%
Absorption Rate 2.35 2.05
As of October 16, 2017
SELLERS
MARKET
18. Local Market Update
Ashburn Current Sept 2016 Var
Available 282 343 -18%
UC Last 30 Days 158 135 +17%
Sold Last 30 Days 162 150 +8%
Absorption Rate 1.78 2.54
As of October 16, 2017
SELLERS
MARKET
19. Local Market Update
Bristow Current Sept 2016 Var
Available 72 84 -14%
UC Last 30 Days 50 47 +6%
Sold Last 30 Days 44 52 -15%
Absorption Rate 1.44 1.79
As of October 16, 2017
SELLERS
MARKET
20. Local Market Update
Burke Current Sept 2016 Var
Available 89 104 +9%
UC Last 30 Days 49 43 +14%
Sold Last 30 Days 44 56 -21%
Absorption Rate 1.82 2.42
As of October 16, 2017
SELLERS
MARKET
21. Local Market Update
Centreville Current Sept 2016 Var
Available 159 207 -23%
UC Last 30 Days 92 79 +16%
Sold Last 30 Days 91 91 0%
Absorption Rate 1.73 2.62
As of October 16, 2017
SELLERS
MARKET
22. Local Market Update
Chantilly Current Sept 2016 Var
Available 127 144 -12%
UC Last 30 Days 51 71 -28%
Sold Last 30 Days 44 68 -35%
Absorption Rate 2.49 2.03
As of October 16, 2017
SELLERS
MARKET
23. Local Market Update
Clifton Current Sept 2016 Var
Available 75 79 -5%
UC Last 30 Days 15 15 0%
Sold Last 30 Days 9 15 -40%
Absorption Rate 5.00 5.27
As of October 16, 2017
24. Local Market Update
Fairfax Current Sept 2016 Var
Available 397 402 -1%
UC Last 30 Days 165 168 -2%
Sold Last 30 Days 172 175 -2%
Absorption Rate 2.41 2.39
As of October 16, 2017
SELLERS
MARKET
25. Local Market Update
Fairfax Station Current Sept 2016 Var
Available 75 74 +1%
UC Last 30 Days 17 16 +6%
Sold Last 30 Days 12 16 -25%
Absorption Rate 4.41 4.63
As of October 16, 2017
26. Local Market Update
Gainesville Current Sept 2016 Var
Available 136 167 -19%
UC Last 30 Days 62 65 -5%
Sold Last 30 Days 53 62 -15%
Absorption Rate 2.19 2.57
As of October 16, 2017
27. Local Market Update
Great Falls Current Sept 2016 Var
Available 169 179 -6%
UC Last 30 Days 18 11 +64%
Sold Last 30 Days 13 18 -28%
Absorption Rate 9.12 7.56
As of October 16, 2017
28. Local Market Update
Haymarket Current Sept 2016 Var
Available 144 163 -12%
UC Last 30 Days 33 54 -40%
Sold Last 30 Days 40 43 -7%
Absorption Rate 4.36 3.02
As of October 16, 2017
29. Local Market Update
Herndon Current Sept 2016 Var
Available 221 219 +1%
UC Last 30 Days 85 79 +8%
Sold Last 30 Days 84 83 +1%
Absorption Rate 2.60 2.77
As of October 16, 2017
30. Local Market Update
Leesburg Current Sept 2016 Var
Available 322 426 -24%
UC Last 30 Days 115 143 -20%
Sold Last 30 Days 114 133 -14%
Absorption Rate 2.80 2.98
As of October 16, 2017
SELLERS
MARKET
31. Local Market Update
Manassas Current Sept 2016 Var
Available 406 413 -2%
UC Last 30 Days 193 183 +5%
Sold Last 30 Days 152 183 -17%
Absorption Rate 2.10 2.26
As of October 16, 2017
SELLERS
MARKET
32. Local Market Update
McLean Current Sept 2016 Var
Available 356 398 -11%
UC Last 30 Days 65 70 -70%
Sold Last 30 Days 58 62 -6%
Absorption Rate 5.48 5.69
As of October 16, 2017
33. Local Market Update
Oakton Current Sept 2016 Var
Available 88 90 -2%
UC Last 30 Days 30 21 +43%
Sold Last 30 Days 26 21 +23%
Absorption Rate 2.93 4.29
As of October 16, 2017
34. Local Market Update
Reston Current Sept 2016 Var
Available 270 295 -8%
UC Last 30 Days 103 89 +16%
Sold Last 30 Days 101 88 +15%
Absorption Rate 2.62 3.31
As of October 16, 2017
SELLERS
MARKET
35. Local Market Update
Springfield Current Sept 2016 Var
Available 172 205 -16%
UC Last 30 Days 109 110 -1%
Sold Last 30 Days 107 113 -5%
Absorption Rate 1.58 1.88
As of October 16, 2017
SELLERS
MARKET
36. Local Market Update
Sterling Current Sept 2016 Var
Available 148 197 -25%
UC Last 30 Days 101 114 -11%
Sold Last 30 Days 112 101 +11%
Absorption Rate 1.47 1.73
As of October 16, 2017
SELLERS
MARKET
37. Local Market Update
Vienna Current Sept 2016 Var
Available 215 271 -21%
UC Last 30 Days 61 72 -15%
Sold Last 30 Days 49 72 -32%
Absorption Rate 3.52 3.76
As of October 16, 2017
39. Local Market Update
Woodbridge Current Sept 2016 Var
Available 452 562 -20%
UC Last 30 Days 288 298 -3%
Sold Last 30 Days 270 262 +3%
Absorption Rate 1.57 1.89
As of October 16, 2017
SELLERS
MARKET
40. Local Market Update
DC Current Sept 2016 Var
Available 1,553 1,415 +10%
UC Last 30 Days 862 759 +14%
Sold Last 30 Days 611 708 -14%
Absorption Rate 1.80 1.86
As of October 16, 2017
SELLERS
MARKET
41. Local Market Update
Loudoun Co. Current Sept 2016 Var
Available 1,405 1,670 -16%
UC Last 30 Days 538 534 +1%
Sold Last 30 Days 517 530 -2%
Absorption Rate 2.61 3.13
As of October 16, 2017
SELLERS
MARKET
42. Local Market Update
Prince William Current Sept 2016 Var
Available 1,305 1,454 -10%
UC Last 30 Days 632 625 +1%
Sold Last 30 Days 561 597 -6%
Absorption Rate 2.06 2.33
As of October 16, 2017
SELLERS
MARKET