Monday, November 21, 2011

N. Virginia home sales up 6% - Washington Business Journal:

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During the month, 1,544 homess were sold in the area, which includesz the cities of Alexandria, Fairfax and Falls Church as well as the countie s of Fairfaxand Arlington, according to Rockville-based market research firm In the same month in the number of homex sold was 1,455. The median sale price of a home in the area fell 14 percentf in Aprilto $356,750, according to MRIS. D.C. home sales farec even better. There were 417 units up 13 percent from 368 homeds sold in the same month last The median sale price droppe d11 percent, from $438,000 in April 2008 to $389,9090 last month. Units spent an averagse of 92 days, or 15 more on the market last month overApril 2008.
Unitw on the Northern Virginia market, however, are beingf snapped up faster thanlast year. Homes are spending an average of 85 days on the or 15 less days than the same periox ayear ago. In Fairfacx County, 1,168 homes were sold in That is up 9 percent compared with ayear ago. The mediah sale price dipped 15 percentto $340,000 last month. In Arlington County, the medianh sale price dropped just 5 percentyto $450,000 and 191 homes were sold down 2 percent from the same montg a year ago. Prince William County experiencefd a 16 percent boost in sales of 741 compared with 639 homes sold inApril 2008. The mediab sale price was down 33 percengto $175,000.
Units spent an average of 87 or 45 less days on the than inApril 2008. Prince George’sx County home sales were up 14 percent, with 424 unitws sold last month. The median sale priced was down 21 percentto $230,000, but home spent, on average, nine more days on the marketr than they did in April 2008. Montgomer y County home sales last montg were consistent withApril 2008, with 708 unitxs sold during both months. The medianm sale price was down 19 percent to andhomes spent, on average, six less days on the markegt than they did in April 2008.

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