The whole Northern Virginia area (including Alexandria City, Arlington County, Fairfax City, Fairfax County, Falls Church City) has improved very positively. There have been 971 houses sold in the last month, which is an increase of 7.65% from December 2012. The median sold price also goes up 11.85% to $425,000 and the average sold price 9.39% to $499,412 compared to last month. It took less to sell as well. The average days on market is only 58 days which is 1/4 less time than last month.
According to this report, housing inventory in Northern Virginia area has around 1000 houses for sale less than last year. This means the supply scale is really unbalanced with the demand of housing due to the fact that employment number has gone up in this market.
All Realtors reported multiple offers in almost every reasonable listing. If you decide to visit new development neighborhood, then please expect a wait since builder’s sales offices are swamped as well.
