market absorption, listings and sales for the Northern Virginia and Washington DC markets, average sales prices and year to date stats for Fairfax County, Loudoun County and Prince William County
5. Local Market Update
December 2017
Northern Virginia Available UC Abs Rate
< $100,000 14 2 14.00
$100,000ā$199,999 115 60 1.92
$200,000-$299,999 167 128 1.30
$300,000-$399,999 178 158 1.13
$400,000-$499,999 179 157 1.14
$500,000-$599,999 198 115 1.72
$600,000-$699,999 180 101 1.78
Source: Bright MLS; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. January 22, 2018
6. Local Market Update
December 2017
Northern Virginia Available UC Abs Rate
$700,000-$799,999 160 70 2.29
$800,000-$899,999 127 35 3.63
$900,000-$999,999 114 16 7.13
$1M -$1.49M 285 51 5.59
$1.5M -2.49 215 22 9.77
$2.5 million + 98 6 16.33
Overall 2,030 920 2.21
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 January 22, 2018
7. NoVA Stats- December
Avg. SP- +3.54%
Units Sold- -7.77%
DOM- -9.38% to 58 days
Source: Bright MLS January 22, 2018 Year over year
8. Local Market Update
December 2017
Prince William Available UC Abs Rate
< $100,000 1 0 0.00
$100,000ā$199,999 24 23 1.04
$200,000-$299,999 100 110 .91
$300,000-$399,999 150 111 1.35
$400,000-$499,999 137 75 1.83
$500,000-$599,999 128 46 2.78
$600,000-$699,999 101 14 7.21
Source: Bright MLS January 22, 2018
9. Local Market Update
December 2017
Prince William Available UC Abs Rate
$700,000-$799,999 20 3 6.67
$800,000-$899,999 24 2 12.00
$900,000-$999,999 10 0 0.00
$1M -$1.49M 13 0 0.00
$1.5M -2.49 6 1 6.00
$2.5 million + 3 0 0.00
Overall 709 349 2.03
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. January 22, 2018
11. Local Market Update
December 2017
Loudoun Available UC Abs Rate
$700,000-$799,999 114 19 6.00
$800,000-$899,999 83 8 10.38
$900,000-$999,999 31 3 10.33
$1M -$1.49M 61 11 5.55
$1.5M -2.49 31 1 31.00
$2.5 million + 25 0 0.00
Overall 893 383 2.33
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. January 22, 2018
12. Local Market Update
No. VA Current Dec 2016 Var
Available 2,388 2,873 -17%
UC Last 30 Days 1,090 1,207 -10%
Sold Last 30 Days 1,437 1,558 -8%
Absorption Rate 2.19 2.38
As of January 22, 2018
13. Local Market Update
Fairfax Co. Current Dec 2016 Var
Available 1,642 2,090 -21%
UC Last 30 Days 788 881 -11%
Sold Last 30 Days 1,024 1,087 -6%
Absorption Rate 2.08 2.37
As of January 22, 2018
14. Fairfax Co. Stats- December
Avg. SP- +5.12%
Units Sold- -5.80%
DOM- -7.69% to 60 days
Source: Bright MLS January 22, 2018 Year over year
15. Local Market Update
Alexandria City Current Dec 2016 Var
Available 326 319 +2%
UC Last 30 Days 136 133 +2%
Sold Last 30 Days 178 213 -16%
Absorption Rate 2.40 2.40
As of January 22, 2018
16. Local Market Update
Arlington Co. Current Dec 2016 Var
Available 351 399 -12%
UC Last 30 Days 148 164 -10%
Sold Last 30 Days 188 224 -16%
Absorption Rate 2.37 2.43
As of January 22, 2018
17. Local Market Update
Annandale Current Dec 2016 Var
Available 71 74 -4%
UC Last 30 Days 42 41 +2%
Sold Last 30 Days 45 45 0%
Absorption Rate 1.69 1.80
As of January 22, 2018
SELLERS
MARKET
18. Local Market Update
Ashburn Current Dec 2016 Var
Available 183 201 -9%
UC Last 30 Days 100 117 -15%
Sold Last 30 Days 125 160 -22%
Absorption Rate 1.83 1.72
As of January 22, 2018
SELLERS
MARKET
19. Local Market Update
Bristow Current Dec 2016 Var
Available 39 39 0%
UC Last 30 Days 26 36 -28%
Sold Last 30 Days 36 49 -27%
Absorption Rate 1.50 1.08
As of January 22, 2018
SELLERS
MARKET
20. Local Market Update
Burke Current Dec 2016 Var
Available 30 47 -36%
UC Last 30 Days 29 32 -9%
Sold Last 30 Days 38 53 -28%
Absorption Rate 1.03 1.47
As of January 19, 2018
SELLERS
MARKET
21. Local Market Update
Centreville Current Dec 2016 Var
Available 78 105 -26%
UC Last 30 Days 54 64 -16%
Sold Last 30 Days 62 76 -18%
Absorption Rate 1.44 1.64
As of January 22, 2018
SELLERS
MARKET
22. Local Market Update
Chantilly Current Dec 2016 Var
Available 64 79 -19%
UC Last 30 Days 39 57 -32%
Sold Last 30 Days 49 71 -31%
Absorption Rate 1.64 1.39
As of January 22, 2018
SELLERS
MARKET
23. Local Market Update
Clifton Current Dec 2016 Var
Available 35 50 -30%
UC Last 30 Days 8 9 -11%
Sold Last 30 Days 12 10 +20%
Absorption Rate 4.38 5.56
As of January 22, 2018
24. Local Market Update
Fairfax Current Dec 2016 Var
Available 213 202 +5%
UC Last 30 Days 96 124 -23%
Sold Last 30 Days 143 143 0%
Absorption Rate 2.22 1.63
As of January 22, 2018
SELLERS
MARKET
25. Local Market Update
Fairfax Station Current Dec 2016 Var
Available 35 37 -5%
UC Last 30 Days 9 6 +50%
Sold Last 30 Days 13 12 +8%
Absorption Rate 3.89 6.17
As of January 22, 2018
26. Local Market Update
Gainesville Current Dec 2016 Var
Available 79 92 -14%
UC Last 30 Days 32 54 -41%
Sold Last 30 Days 53 52 +2%
Absorption Rate 2.47 1.70
As of January 22, 2018
27. Local Market Update
Great Falls Current Dec 2016 Var
Available 98 116 -16%
UC Last 30 Days 11 10 +10%
Sold Last 30 Days 18 19 -5%
Absorption Rate 8.91 11.60
As of January 22, 2018
28. Local Market Update
Haymarket Current Dec 2016 Var
Available 81 129 -37%
UC Last 30 Days 30 24 +25%
Sold Last 30 Days 46 37 +24%
Absorption Rate 2.70 5.38
As of January 22, 2018
SELLERS
MARKET
29. Local Market Update
Herndon Current Dec 2016 Var
Available 80 115 -30%
UC Last 30 Days 46 58 -21%
Sold Last 30 Days 76 57 +33%
Absorption Rate 1.74 1.98
As of January 22, 2018
30. Local Market Update
Leesburg Current Dec 2016 Var
Available 186 227 -18%
UC Last 30 Days 79 109 -28%
Sold Last 30 Days 112 113 -1%
Absorption Rate 2.35 2.08
As of January 22, 2018
SELLERS
MARKET
31. Local Market Update
Manassas Current Dec 2016 Var
Available 245 262 -6%
UC Last 30 Days 143 144 -1%
Sold Last 30 Days 159 158 +1%
Absorption Rate 1.71 1.82
As of January 22, 2018
SELLERS
MARKET
32. Local Market Update
McLean Current Dec 2016 Var
Available 194 287 -32%
UC Last 30 Days 52 58 -10%
Sold Last 30 Days 77 61 +26%
Absorption Rate 3.73 5.13
As of January 22, 2018
33. Local Market Update
Oakton Current Dec 2016 Var
Available 34 52 -35%
UC Last 30 Days 24 12 +100%
Sold Last 30 Days 22 32 -31%
Absorption Rate 1.42 4.33
As of January 22, 2018
SELLERS
MARKET
34. Local Market Update
Reston Current Dec 2016 Var
Available 119 162 -27%
UC Last 30 Days 70 64 +9%
Sold Last 30 Days 75 93 -19%
Absorption Rate 1.70 2.53
As of January 22, 2018
SELLERS
MARKET
35. Local Market Update
Springfield Current Dec 2016 Var
Available 80 109 -27%
UC Last 30 Days 63 76 -17%
Sold Last 30 Days 77 93 -17%
Absorption Rate 1.27 1.43
As of January 22, 2018
SELLERS
MARKET
36. Local Market Update
Sterling Current Dec 2016 Var
Available 84 100 -16%
UC Last 30 Days 69 69 0%
Sold Last 30 Days 87 82 +6%
Absorption Rate 1.22 1.45
As of January 22, 2018
SELLERS
MARKET
37. Local Market Update
Vienna Current Dec 2016 Var
Available 119 163 -27%
UC Last 30 Days 36 57 -37%
Sold Last 30 Days 70 61 +15%
Absorption Rate 3.31 2.86
As of January 22, 2018
SELLERS
MARKET
39. Local Market Update
Woodbridge Current Dec 2016 Var
Available 268 351 -24%
UC Last 30 Days 165 211 -22%
Sold Last 30 Days 237 216 +10%
Absorption Rate 1.62 1.66
As of January 22, 2018
SELLERS
MARKET
40. Local Market Update
DC Current Dec 2016 Var
Available 1,069 1,080 -1%
UC Last 30 Days 613 594 +3%
Sold Last 30 Days 695 632 +10%
Absorption Rate 1.74 1.82
As of January 22, 2018
SELLERS
MARKET
41. Local Market Update
Loudoun Co. Current Dec 2016 Var
Available 894 1,063 -17%
UC Last 30 Days 359 437 -18%
Sold Last 30 Days 467 548 -15%
Absorption Rate 2.49 2.43
As of January 22, 2018
SELLERS
MARKET
42. Local Market Update
Prince William Current Dec 2016 Var
Available 790 948 -17%
UC Last 30 Days 398 465 -14%
Sold Last 30 Days 540 510 +6%
Absorption Rate 1.98 2.04
As of January 22, 2018
SELLERS
MARKET