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: March 2020

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Click Here to View March 2020 Home Sales Report

View Full Release Here

March Real Estate Transactions in Northern Virginia Remained Virtually Possible for Those Who Needed to Make a Move
From Facemasks to Facetime, Realtors® Pivot to Keep Transactions on Track

In a world where conducting business has become virtually impossible, Northern Virginia real estate transactions were virtually possible during the month of March. Advances in technology, combined with initiative and creativity, have enabled those who must buy or sell a home during the COVID-19 crisis to do so – while maintaining compliance with mandated safe business practices.

“The health and safety of the community at large is our primary concern,” says Nicholas Lagos, 2020 NVAR president. “We also recognize that the ability to buy or sell a home is an essential need for many people; our commitment to the community extends to ensuring that Realtors® can continue to assist those clients while following applicable orders and safety regulations,” Lagos says.

A total of 1,815 homes were sold in the Northern Virginia Association of Realtors® (NVAR) region in March, a 14% increase above the number of sales during the same month last year. That number represents a total dollar volume of $1,170,167,010, a 24% increase above March 2019 sales volume. The average sold price of homes in the NVAR region in March was $649,118, an increase of about 9% above the March 2019 average. The median price, $577,900, was about 7% above last year’s median. Homes sold quickly in March, averaging 19 days on the market, a decrease of 24% below March 2019 days on market.
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NMRA-Dec05

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Market Statistics Archive
Rental Statistics

    Northern Virginia Quarterly Rental Statistics are available as PDF documents.

    Find more information here.