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Market Update
February 23rd, 2011 7:47 PM

January 2011 Market Update...

There were 1,564 closed sales in the Northern Virginia market in January, down 17.6% from a year ago (January 2010).  The median sold price was $324,425, up 2.02% year-over-year.  The average days on market increased to 73 days while the average sold price to average list price ratio declined slightly to 93.67%.  Inventory declined in absolute terms (# of units) by 21.1%.  At the same time the months supply of inventory declined 9.4% to 2.7 months.  (Data fom RealEstate Business Intelligence, an MRIS company)

Check out our market data update pages for the following sub-markets: Fairfax County Market Updates 

              Loudoun County Market Updates

              Prince William County Market Updates

              Alexandria City Market Updates

              Arlington County Market Updates

                 


Posted in:General
Posted by Erol Sevin on February 23rd, 2011 7:47 PMPost a Comment

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