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.