Market Statistics

 

Market Statistics: July 2020

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July 2020 Regional Home Sales Compared to July 2019: Northern Virginia
Data from Bright MLS as of August 6, 2020; total sales and listings may not include garage/parking spaces.

The Northern Virginia Association of Realtors® reports on July 2020 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 2,376 homes sold in July 2020, a 6.45% increase above July 2019 home sales of 2,232.

Active listings decreased this month compared with 2019. Listings were down 15.97% below last year, with 2,210 active listings in July, compared with 2,630 homes available in July 2019. The average days on market for homes in July 2020 was 18 days – compared to 20 days on market for homes in July 2019.

New listings rose by 31.23% in July compared to last year, to 3,009. There were 2,293 new listings in July of last year.

The average home sale price rose by 12.57% compared with last July, to $696,902. The July 2019 average sale price was $619,082.

The median sold price of homes this July, which was $625,000, rose by 15.15% compared to the median price of $542,750 in July 2019.

 

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