Greater Fairfax Home Sales Data - January 2009
Posted by Super Admin on Tuesday, March 3rd, 2009 at 1:10pm.The Greater Northern Virginia area consists of Fairfax, Arlington, Prince William and Loudoun counties as well as other outlying Piedmont counties. I'll post data for the closer-in counties in the next couple days.
There was a 55.5% increase in the number Fairfax homes sold in January 2009 from a year earlier; 2,132 from 1,371 respectively. Importantly, this is the tenth consecutive month of year-over-year increased sales for Fairfax and Arlington, Va.
Now let's look at the average sales price. The January 2008 average sales price was approximately $422,000, which has decreased by about 28% a year later for an average sales price of approx. $303,000.
The number of listings continues to decrease across the Fairfax area, with 15,295 active listings, versus 20,493 listings a year ago. This represents a 25.4% decrease. Also on the decrease on a year-over-year basis is the average DOM for a home sold. That number for 2009 was 105 compared with 129 DOM for January 2008, a decrease of 18.7%.
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