Market Statistics

 
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Housing Data and Statistics

NVAR partners with George Mason University to bring local housing data to its members.

Local Market Data at Your Fingertips

The Northern Virginia Association of Realtors® reports on home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton with data provided by George Mason University's Center for Regional Analysis and Bright MLS.

NVAR releases monthly market statistics to deliver local market data for the cities and counties in the NVAR region. Every month, we release a press release, infographic and video that you can share and include in your client presentations. Also in each issue of RE+View magazine is a "Market Metrics" article written by GMU market experts.


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Monthly Market Statistics

Market Statistics: August 2020

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View Home Sales Report Here

View Full Press Release Here




Unseasonably Strong Fall Market for Northern Virginia Home Sales August Housing Data Reflects Strong Demand, Historically Low Mortgage Rates


Fairfax, Va. – ”Fall may be upon us soon, but the August real estate market continued to show double digit surges in sales volume in the NVAR region,” says Nicholas Lagos, associate broker with Century 21 New Millennium in Arlington and 2020 president of the Northern Virginia Association of Realtors® (NVAR). “The overall dollar volume for August was up over 27% in comparison to 2019, reflecting a strong demand from buyers,” Lagos says.

“The continued low inventory and historically low interest rates are major market drivers,” says Lagos. “Jurisdictions throughout the NVAR footprint had noticeable dollar volume increases, with the City of Alexandria showing almost a 64% increase in volume compared to 2019 and listings selling for an average of nearly 100% of the list price. The NVAR region overall saw listings selling for more than list price.

“As a region, the average sales prices increased by nearly 10% which is higher than anticipated. Active listings were still 18% less than last year, but it was encouraging to see that new listings were up over 26% compared to August 2019. This will assist buyers to have more choices when shopping for a home,” Lagos says.

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Market Statistics Archive
Rental Statistics

    Northern Virginia Quarterly Rental Statistics are available as PDF documents.

    Find more information here.