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Market Absorption Northern Virginia & DC
| Date post: | 09-May-2015 |
| Category: |
Real Estate |
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Market Absorptio
nNorthern Virginia
& DC
Local Market UpdateJuly 2012
Northern Virginia Available UC Abs Rate
< $100,000 20 32 .63
$100,000–$199,999 137 322 .43
$200,000-$299,999 295 575 .51
$300,000-$399,999 454 662 .69
$400,000-$499,999 435 500 .87$500,000-$599,999 450 364 1.24$600,000-$699,999 304 257 1.18
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. August 14, 2012
Local Market UpdateJuly 2012
Northern Virginia Available UC Abs Rate
$700,000-$799,999 252 169 1.49
$800,000-$899,999 191 111 1.72
$900,000-$999,999 142 60 2.37
$1M -$1.49M 365 132 2.77
$1.5M -2.49 224 49 4.57$2.5 million + 156 14 11.14Overall 3,287 3,247 1.01
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. August 14, 2012
No VA Stats
Avg. SP- +3.97%
Units Sold- +6.82%
DOM- -10.20% to 44 days
Source: MRIS, Inc. August 14, 2012
Local Market Update July 2012
PW & Loudoun Available UC Abs Rate
< $100,000 5 19 .26
$100,000–$199,999 95 471 .20
$200,000-$299,999 399 689 .58
$300,000-$399,999 538 535 1.01
$400,000-$499,999 476 341 1.40$500,000-$599,999 337 191 1.76$600,000-$699,999 246 97 2.54
Source: MRIS, Inc. August 14, 2012
Local Market UpdateJuly 2012
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 146 34 4.29
$800,000-$899,999 89 22 4.05
$900,000-$999,999 54 8 6.75
$1M -$1.49M 86 11 7.82
$1.5M -2.49 48 4 12.00$2.5 million + 49 2 24.50Overall 2,088 2,424 .86
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. August 14, 2012
Local Market Update
No. VA Current July 2011 VarAvailable 3,399 4,891 -31%
UC Last 30 Days 1,430 1,765 -19%
Sold Last 30 Days 1,891 1,730 +9%
Absorption Rate 2.38 2.77As of August 14, 2012
SELLERS
MARKET
Local Market Update
Fairfax Co. Current July 2011 VarAvailable 2,486 3,516 -29%
UC Last 30 Days 1,076 1,355 -21%
Sold Last 30 Days 1,372 1,244 +10%
Absorption Rate 2.31 2.59As of August 14, 2012
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +5.30%
Units Sold- +7.56%
DOM- -4.44% to 43 days
Source: MRIS, Inc. August 14, 2012
Local Market Update
Alexandria City Current July 2011 VarAvailable 365 565 -35%
UC Last 30 Days 146 157 -7%
Sold Last 30 Days 207 186 +11%
Absorption Rate 2.50 3.60As of August 14, 2012
SELLERS
MARKET
Local Market Update
Arlington Co. Current July 2011 VarAvailable 472 700 -33%
UC Last 30 Days 173 200 -14%
Sold Last 30 Days 257 244 +5%
Absorption Rate 2.73 3.50As of August 14, 2012
SELLERS
MARKET
Local Market Update
Fairfax Current July 2011 VarAvailable 299 467 -36%
UC Last 30 Days 140 212 -34%
Sold Last 30 Days 179 174 +3%
Absorption Rate 2.14 2.20As of August 14, 2012
SELLERS
MARKET
Local Market Update
Fairfax Station Current July 2011 VarAvailable 57 83 -31%
UC Last 30 Days 14 21 -33%
Sold Last 30 Days 28 21 +33%
Absorption Rate 4.07 3.95As of August 14, 2012
SELLERS
MARKET
Local Market Update
Clifton Current July 2011 VarAvailable 47 82 -43%
UC Last 30 Days 18 17 +6%
Sold Last 30 Days 25 14 +79%
Absorption Rate 2.61 4.82As of August 14, 2012
SELLERS
MARKET
Local Market Update
Herndon Current July 2011 VarAvailable 108 166 -35%
UC Last 30 Days 73 86 -15%
Sold Last 30 Days 98 77 +27%
Absorption Rate 1.48 1.93As of August 14, 2012
SELLERS
MARKET
Local Market Update
Sterling Current July 2011 VarAvailable 152 213 -29%
UC Last 30 Days 89 99 -10%
Sold Last 30 Days 121 112 +8%
Absorption Rate 1.71 2.15As of August 14, 2012
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current July 2011 VarAvailable 253 326 -22%
UC Last 30 Days 84 114 -26%
Sold Last 30 Days 108 109 -1%
Absorption Rate 3.01 2.86As of August 14, 2012
SELLERS
MARKET
Local Market Update
Ashburn Current July 2011 VarAvailable 290 360 -19%
UC Last 30 Days 103 123 -16%
Sold Last 30 Days 157 123 +28%
Absorption Rate 2.82 2.93As of August 14, 2012
SELLERS
MARKET
Local Market Update
Reston Current July 2011 VarAvailable 127 187 -32%
UC Last 30 Days 84 84 0%
Sold Last 30 Days 120 87 +38%
Absorption Rate 1.51 2.23As of August 14, 2012
SELLERS
MARKET
Local Market Update
Centreville Current July 2011 VarAvailable 110 175 -37%
UC Last 30 Days 77 102 -25%
Sold Last 30 Days 102 98 +4%
Absorption Rate 1.43 1.72As of August 14, 2012
SELLERS
MARKET
Local Market Update
DC Current July 2011 VarAvailable 1,445 2,244 -36%
UC Last 30 Days 502 633 -21%
Sold Last 30 Days 657 586 +12%
Absorption Rate 2.88 3.55As of August 14, 2012
SELLERS
MARKET
Local Market Update
Prince William Current July 2011 VarAvailable 1,135 1,555 -27%
UC Last 30 Days 600 599 0%
Sold Last 30 Days 557 558 0%
Absorption Rate 1.89 2.60As of August 14, 2012
SELLERS
MARKET
Local Market Update
Loudoun Co. Current July 2011 VarAvailable 1,428 1,707 -16%
UC Last 30 Days 406 446 -9%
Sold Last 30 Days 529 453 +17%
Absorption Rate 3.52 3.83As of August 14, 2012
SELLERS
MARKET
Local Market Update
GPAAR Current July 2011 VarAvailable 1,265 1,374 -8%
UC Last 30 Days 175 196 -11%
Sold Last 30 Days 193 148 +30%
Absorption Rate 6.55 7.01As of August 14, 2012
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current July 2011 VarAvailable 1,025 1,138 -10%
UC Last 30 Days 176 226 -22%
Sold Last 30 Days 192 161 +19%
Absorption Rate 5.82 5.04As of August 14, 2012
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current July 2011 VarAvailable 1,463 1,719 -15%
UC Last 30 Days 365 454 -20%
Sold Last 30 Days 390 370 +5%
Absorption Rate 4.01 3.79As of August 14, 2012
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET
