Northern Virginia Real Estate Sales for March 2008
April 23rd, 2008 Categories: Buying, Keller Williams, Selling
Let’s check out how all of the Northern Virginia area did in March with real estate sales. The following information is from Fairfax and Arlington County, Alexandria, Falls Church, Fairfax, Vienna, Herndon, and Clifton.
Total Properties Sold: 1,250
Average Days on Market: 109
Average Sales Price: $476,342
Median Sales Price: $401,380
How does this compare to the Year To Date Numbers?
YTD Home Sales: 2,935
YTD Average Sale Price: $479,696
Overall, prices are about 8% less than this time last year, but with Spring fever rapidly approaching, the 4-5 month absorption rate is already better than last month. It’s a great time to jump into the real estate market!
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