Market Statistics

 

Market Statistics: September 2020

september market stats

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

The Northern Virginia Association of Realtors® reports on September 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 2,166 homes sold in September 2020, a 38% increase above September 2019 home sales of 1,578.

Active listings decreased this month compared with 2019. Listings were down 5.62% below last year, with 2,469 active listings in September, compared with 2,616 homes available in September 2019. The average days on market for homes in September 2020 fell by 38.71% to 19 days – compared to 31 days on market for homes in September 2019.

New listings rose by 30.44% in September compared to last year, to 3,021. There were 2,316 new listings in September of last year.

The average home sale price rose by 15.09% compared with last September, to $690,981. The September 2019 average sale price was $600,398.

The median sold price of homes this September, which was $596,000, rose by 16.86% compared to the median price of $510,000 in September 2019.

Read more about the NVAR region housing market at NVAR.com/public, including GMU-CRA Market Metrics articles published in NVAR’s RE+VIEW magazine, found at NVAR.com/review.


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