My Real Estate Blog

May 19th, 2009 9:37 AM
The Northern Virginia Association of Realtors® reports on April 2009 home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton.
 
A total of 1,544 homes sold in April 2009, a 6.12 percent increase above April 2008 home sales of 1,455.
 
Active listings decreased by 23.04 percent from last year, with 8,234 active listings in April, compared with 10,699 homes available in April 2008. The average days on market (DOM) for homes in April 2009 decreased by 15 percent to 85 days, compared with 100 days in April 2008.
 
Sales prices continue to remain lower than those realized last year. The average sales price in April fell by 16.29 percent from April 2008, to $405,514, compared with last April's average of $484,432.
 
The median price of homes sold in Northern Virginia in April was $356,750, which is a decline of 13.72 percent compared with April 2008's median price of $413,500.
 
Posted by Jim McCowan on May 19th, 2009 9:37 AMPost a Comment (0)
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