NORTHERN VIRGINIA ASSOCIATION OF REALTORS®  Released March 9, 2007 The Voice for Real Estate in Northern Virginia 8411 Arlington Boulevard, Fairfax, Virginia 22031 Contact: Jill M. Landsman, Manager, Communications & Media Relations Phone: 703/207-3226 Internet: http://www.nvar.com/ • E-mail: jlandsman@nvar.com

GREATER NORTHERN VIRGINIA AREA*
HOME SALES REPORT
February 2007

FEBRUARY HOME SALES	2007	2006
Detached	1,049	1,070
Attached	748	886
Condos & Co-ops	557	541
Total	(-5.73%) 2,354	2,497
Average Days On Market	(+75.92%) 117	66
FEBRUARY ACTIVE LISTINGS
Detached	9,542	7,954
Attached	3,706	3,866
Condos & Co-ops	2,783	2,842
Total	(+9.34%) 16,031	14,662
Months Supply	(+16.02%) 6.81	5.87
FEBRUARY SALES PRICE
Average	(-1.24%) $477,879	$483,872
YEAR TO DATE
YTD Homes Sold	(-4.20%) 4,588	4,789
YTD Sales Volume	$2,245,950,524	$2,352,981,550
YTD Average Sales Price	(-0.37%) $489,527	$491,330

 

* EDITOR'S NOTE: Figures are based on data extracted from the Metropolitan Regional Information System, Inc (MRIS). Figures include data collected from Fairfax County, City of Fairfax , Arlington County, Alexandria, Town of Falls Church, as well as Prince William, Loudoun, Fauquier, Culpeper, Madison, Orange, and Rappahannock counties. Ground Rent units are included in Condos & Co-ops. The information is deemed reliable but not guaranteed. Data maintained by MRIS may not reflect all real estate activity in the market. Median sales price data unavailable for Greater Northern Virginia region.

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