August Home Sales in Northern VA

NVAR has provided us with the home sale statistics for August 2008. Here they are for your viewing pleasure:

NORTHERN VIRGINIA AREA HOME SALES REPORT
August 2008

AUGUST HOME SALES 2008 2007

Average Days On Market

(+ 16.00%) 87 75
AUGUST ACTIVE LISTINGS    

Detached

4,400 4,872

Attached

2,364 2,725

Condos & Co-ops

2,426 2,776

Total

(-11.40%) 9,190 10,373

Months Supply

(-16.25%) 5.07 6.06
AUGUST SALES PRICE    

Average

(-14.98%) $473,183 $556,574

Median

(-17.92%) $389,000 $475,000
YEAR TO DATE    

YTD Homes Sold

(-13.99%) 11,863 13,583

YTD Sales Volume

$5,622,798,095 $7,363,111,262

YTD Average Sales Price

(-11.22%) $481,280 $542,083

If you need representation when buying or selling a home in Northern Virginia – don’t forget to contact The Belt Team. We are happy to provide you with a market analysis, housing market update, list of homes for sale in Vienna, McLean, Oakton, Great Falls or any other part of Northern Virginia…and more. Email Sales@TheBeltTeam.com or call (703) 242-3975.

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