listings and home sales for the Northern Virginia and Washington DC real estate markets, includes days on market and average sales prices for Fairfax County, Prince William County and Loudoun County
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February 2017 Market Absorption for Northern Virginia and Washington DC
1.
2. 10 Vital Statistics You Must Know
Fairfax Co. Stats YTD
•Total listings- 2,144
•Avg LP- $550,944
•Avg SP- $538,970
•LP/ SP- 96.9%
•DOM- 69
•Sales YTD- 1,662 (+3.17%)
•Appreciation/ Depreciation- +5.09%
•Months of Supply- 1.65
•Interest Rate- 4.18
Source: MRIS, Inc. March 13, 2017
3. 10 Vital Statistics You Must Know
Prince William Co. Stats YTD
•Total listings- 930
•Avg LP- $363,639
•Avg SP- $358,940
•LP/ SP- 97.3%
•DOM- 59
•Sales YTD- 807 (+9.35%)
•Appreciation/ Depreciation- +3.65%
•Months of Supply- 1.50
•Interest Rate- 4.18%
Source: MRIS, Inc. March 13, 2017
4. 10 Vital Statistics You Must Know
Loudoun Co. Stats YTD
•Total listings- 1,067
•Avg LP- $478,466
•Avg SP- $473,415
•LP/ SP- 97.6%
•DOM- 59
•Sales YTD- 721 (+.70%)
•Appreciation/ Depreciation- +1.87%
•Months of Supply- 1.92
•Interest Rate- 4.18%
Source: MRIS, Inc. March 13, 2017
5. Local Market Update
February 2017
Northern Virginia Available UC Abs Rate
< $100,000 10 4 2.50
$100,000–$199,999 153 90 1.70
$200,000-$299,999 279 208 1.34
$300,000-$399,999 309 287 1.08
$400,000-$499,999 318 287 1.11
$500,000-$599,999 306 255 1.20
$600,000-$699,999 285 206 1.38
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. March 13, 2017
6. Local Market Update
February 2017
Northern Virginia Available UC Abs Rate
$700,000-$799,999 286 118 2.42
$800,000-$899,999 240 103 2.12
$900,000-$999,999 173 52 3.33
$1M -$1.49M 502 108 4.65
$1.5M -2.49 332 36 9.22
$2.5 million + 151 12 12.58
Overall 3,344 1,766 1.89
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 March 13, 2017
7. No VA Stats- February
Avg. SP- +2.88%
Units Sold- +7.58%
DOM- -16.25% to 67 days
Source: MRIS, Inc. March 13, 2017 Year over year
8. Local Market Update
February 2017
Prince William Available UC Abs Rate
< $100,000 1 0 0.00
$100,000–$199,999 45 37 1.22
$200,000-$299,999 166 177 .94
$300,000-$399,999 212 158 1.34
$400,000-$499,999 187 114 1.64
$500,000-$599,999 201 75 2.68
$600,000-$699,999 106 21 5.05
Source: MRIS, Inc. March 13, 2017
9. Local Market Update
February 2017
Prince William Available UC Abs Rate
$700,000-$799,999 47 2 23.50
$800,000-$899,999 27 3 9.00
$900,000-$999,999 15 2 7.50
$1M -$1.49M 24 4 6.00
$1.5M -2.49 5 0 0.00
$2.5 million + 2 0 0.00
Overall 1,038 593 1.75
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. March 13, 2017
10. Local Market Update
February 2017
Loudoun Available UC Abs Rate
< $100,000 2 0 0.00
$100,000–$199,999 22 19 1.16
$200,000-$299,999 48 51 .94
$300,000-$399,999 106 134 .79
$400,000-$499,999 131 114 1.15
$500,000-$599,999 171 75 2.28
$600,000-$699,999 230 72 3.19
Source: MRIS, Inc. March 13, 2017
11. Local Market Update
February 2017
Loudoun Available UC Abs Rate
$700,000-$799,999 161 38 4.24
$800,000-$899,999 97 15 6.47
$900,000-$999,999 50 5 8.33
$1M -$1.49M 100 8 12.50
$1.5M -2.49 53 1 53.00
$2.5 million + 27 0 0.00
Overall 1,198 533 2.25
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. March 13, 2017
12. Local Market Update
No. VA Current Feb 2016 Var
Available 2,974 3,378 -12%
UC Last 30 Days 1,832 1,739 +5%
Sold Last 30 Days 1,192 1,108 +8%
Absorption Rate 1.62 1.94
As of March 13, 2017
13. Local Market Update
Fairfax Co. Current Feb 2016 Var
Available 2,144 2,508 -15%
UC Last 30 Days 1,300 1,267 +3%
Sold Last 30 Days 846 834 +1%
Absorption Rate 1.65 1.98
As of March 13, 2017
14. Fairfax Co. Stats- February
Avg. SP- +2.88%
Units Sold- +1.44%
DOM- -17.07% to 68 days
Source: MRIS, Inc. March 13, 2017Year over year
15. Local Market Update
Alexandria City Current Feb 2016 Var
Available 368 351 +5%
UC Last 30 Days 217 213 +2%
Sold Last 30 Days 140 117 +20%
Absorption Rate 1.70 1.65
As of March 13, 2017
16. Local Market Update
Arlington Co. Current Feb 2016 Var
Available 408 451 -10%
UC Last 30 Days 264 226 +17%
Sold Last 30 Days 169 133 +27%
Absorption Rate 1.55 2.00
As of March 13, 2017
17. Local Market Update
Annandale Current Feb 2016 Var
Available 66 77 -14%
UC Last 30 Days 62 49 +27%
Sold Last 30 Days 31 34 -9%
Absorption Rate 1.06 1.57
As of March 13, 2017
SELLERS
MARKET
18. Local Market Update
Ashburn Current Feb 2016 Var
Available 215 294 -27%
UC Last 30 Days 157 144 +9%
Sold Last 30 Days 79 103 -23%
Absorption Rate 1.37 2.04
As of March 13, 2017
SELLERS
MARKET
19. Local Market Update
Bristow Current Feb 2016 Var
Available 62 68 -9%
UC Last 30 Days 46 53 -13%
Sold Last 30 Days 34 31 +10%
Absorption Rate 1.35 1.28
As of March 13, 2017
SELLERS
MARKET
20. Local Market Update
Burke Current Feb 2016 Var
Available 39 54 -28%
UC Last 30 Days 57 39 +46%
Sold Last 30 Days 30 25 +25%
Absorption Rate .68 1.38
As of March 13, 2017
SELLERS
MARKET
21. Local Market Update
Centreville Current Feb 2016 Var
Available 113 135 -16%
UC Last 30 Days 100 97 +3%
Sold Last 30 Days 62 56 +11%
Absorption Rate 1.13 1.39
As of March 13, 2017
SELLERS
MARKET
22. Local Market Update
Chantilly Current Feb 2016 Var
Available 77 123 -37%
UC Last 30 Days 61 71 -14%
Sold Last 30 Days 55 43 +28%
Absorption Rate 1.26 1.73
As of March 13, 2017
SELLERS
MARKET
23. Local Market Update
Clifton Current Feb 2016 Var
Available 61 48 +27%
UC Last 30 Days 21 11 +91%
Sold Last 30 Days 7 9 -22%
Absorption Rate 2.90 4.36
As of March 13, 2017
24. Local Market Update
Fairfax Current Feb 2016 Var
Available 209 281 -26%
UC Last 30 Days 171 160 +7%
Sold Last 30 Days 116 106 +9%
Absorption Rate 1.22 1.76
As of March 13, 2017
SELLERS
MARKET
25. Local Market Update
Fairfax Station Current Feb 2016 Var
Available 46 47 -2%
UC Last 30 Days 32 31 +3%
Sold Last 30 Days 4 11 -64%
Absorption Rate 1.44 1.52
As of March 13, 2017
26. Local Market Update
Gainesville Current Feb 2016 Var
Available 119 132 -10%
UC Last 30 Days 53 76 -30%
Sold Last 30 Days 40 39 +3%
Absorption Rate 2.25 1.74
As of March 13, 2017
27. Local Market Update
Great Falls Current Feb 2016 Var
Available 121 163 -26%
UC Last 30 Days 25 18 +39%
Sold Last 30 Days 13 11 +18%
Absorption Rate 4.84 9.06
As of March 13, 2017
28. Local Market Update
Haymarket Current Feb 2016 Var
Available 115 165 -30%
UC Last 30 Days 60 41 +46%
Sold Last 30 Days 26 25 +4%
Absorption Rate 1.92 4.02
As of March 13, 2017
29. Local Market Update
Herndon Current Feb 2016 Var
Available 131 154 -15%
UC Last 30 Days 80 81 -1%
Sold Last 30 Days 48 49 -2%
Absorption Rate 1.64 1.90
As of March 13, 2017
30. Local Market Update
Leesburg Current Feb 2016 Var
Available 257 340 -24%
UC Last 30 Days 140 113 +24%
Sold Last 30 Days 92 76 +21%
Absorption Rate 1.84 3.01
As of March 13, 2017
SELLERS
MARKET
31. Local Market Update
Manassas Current Feb 2016 Var
Available 250 309 -19%
UC Last 30 Days 191 203 -6%
Sold Last 30 Days 119 136 -13%
Absorption Rate 1.31 1.52
As of March 13, 2017
SELLERS
MARKET
32. Local Market Update
McLean Current Feb 2016 Var
Available 305 313 -3%
UC Last 30 Days 71 63 +13%
Sold Last 30 Days 65 52 +25%
Absorption Rate 4.30 4.97
As of March 13, 2017
33. Local Market Update
Oakton Current Feb 2016 Var
Available 72 75 -4%
UC Last 30 Days 28 30 -7%
Sold Last 30 Days 14 17 -18%
Absorption Rate 2.57 2.50
As of March 13, 2017
SELLERS
MARKET
34. Local Market Update
Reston Current Feb 2016 Var
Available 166 189 -12%
UC Last 30 Days 101 103 -2%
Sold Last 30 Days 72 70 +3%
Absorption Rate 1.64 1.83
As of March 13, 2017
SELLERS
MARKET
35. Local Market Update
Springfield Current Feb 2016 Var
Available 97 140 -31%
UC Last 30 Days 114 121 -6%
Sold Last 30 Days 72 79 -9%
Absorption Rate .85 1.11
As of March 13, 2017
SELLERS
MARKET
36. Local Market Update
Sterling Current Feb 2016 Var
Available 72 115 -37%
UC Last 30 Days 106 115 -8%
Sold Last 30 Days 84 84 0%
Absorption Rate .68 1.00
As of March 13, 2017
SELLERS
MARKET
37. Local Market Update
Vienna Current Feb 2016 Var
Available 176 187 -6%
UC Last 30 Days 85 78 +9%
Sold Last 30 Days 49 46 +7%
Absorption Rate 2.07 2.40
As of March 13, 2017
SELLERS
MARKET
38. 10 Vital Statistics You Must Know
Vienna Stats YTD
•Total listings- 176
•Avg LP- $844,819
•Avg SP- $839,516
•LP/ SP- 97.2%
•DOM- 80
•Sales YTD- 97 (-3.00%)
•Appreciation/ Depreciation- +24.60%
•Months of Supply- 2.07
•Interest Rate- 4.18%
Source: MRIS, Inc. March 13, 2017
39. Local Market Update
Woodbridge Current Feb 2016 Var
Available 313 408 -23%
UC Last 30 Days 287 297 -3%
Sold Last 30 Days 59 70 -16%
Absorption Rate 1.09 1.37
As of March 13, 2017
SELLERS
MARKET
40. Local Market Update
DC Current Feb 2016 Var
Available 1,176 1,090 +8%
UC Last 30 Days 797 722 +10%
Sold Last 30 Days 541 468 +16%
Absorption Rate 1.48 1.51
As of March 13, 2017
SELLERS
MARKET
41. Local Market Update
Loudoun Co. Current Feb 2016 Var
Available 1,067 1,371 -22%
UC Last 30 Days 555 526 +6%
Sold Last 30 Days 352 362 -3%
Absorption Rate 1.92 2.61
As of March 13, 2017
SELLERS
MARKET
42. Local Market Update
Prince William Current Feb 2016 Var
Available 930 1,111 -16%
UC Last 30 Days 619 662 -7%
Sold Last 30 Days 394 382 +3%
Absorption Rate 1.50 1.68
As of March 13, 2017
SELLERS
MARKET