january 2017 market absorption for the northern virginia and washington dc marketplaces
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Market Absorption Virginia
Market AbsorptionNorthern Virginia & DC
10 Vital Statistics You Must Know
Fairfax Co. Stats YTDTotal listings- 1,977Avg LP- $557,456Avg SP- $545,772LP/ SP- 96.7%DOM- 70Sales YTD- 794 (+6.86%)Appreciation/ Depreciation- +8.12%Months of Supply- 1.86Interest Rate- 4.13Source: MRIS, Inc. February 10, 2017
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10 Vital Statistics You Must Know
Prince William Co. Stats YTDTotal listings- 909Avg LP- $353,144Avg SP- $348,210LP/ SP- 97.3%DOM- 61Sales YTD- 399 (+18.05%)Appreciation/ Depreciation- +.47%Months of Supply- 1.56Interest Rate- 4.13%
Source: MRIS, Inc. February 10, 2017
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10 Vital Statistics You Must Know
Loudoun Co. Stats YTDTotal listings- 1,049Avg LP- $490,745Avg SP- $484,146LP/ SP- 97.0%DOM- 61Sales YTD- 351 (+7.34%)Appreciation/ Depreciation- +0%Months of Supply- 2.15Interest Rate- 4.13%
Source: MRIS, Inc. February 10, 2017
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Local Market UpdateJanuary 2017
Northern VirginiaAvailableUCAbs Rate< $100,000832.67$100,000$199,999154991.56$200,000-$299,9992702021.34$300,000-$399,9992642401.10$400,000-$499,9992432431.00$500,000-$599,9992701821.48$600,000-$699,9992401581.52
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of Alexandria, Fairfax & Falls Church. February 10, 2017
5Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update January 2017
Northern VirginiaAvailableUCAbs Rate$700,000-$799,9991901001.90$800,000-$899,999186623.00$900,000-$999,999144373.89$1M -$1.49M436716.14$1.5M -2.49281358.03$2.5 million +147529.40Overall2,8331,4371.97
Absorption Rate = the number of active listings/by the number of homes marked under contract in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory February 10, 2017
6Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
No VA Stats- January Avg. SP- +3.23%
Units Sold- +10.23%
DOM- -9.33% to 68 days
Source: MRIS, Inc. February 10, 2017 Year over year
Local Market UpdateJanuary 2017
Prince WilliamAvailableUCAbs Rate< $100,000000.00$100,000$199,9993039.77$200,000-$299,9991661651.01$300,000-$399,9992081451.43$400,000-$499,9991371111.23$500,000-$599,999164513.22$600,000-$699,99988184.89
Source: MRIS, Inc. February 10, 2017
8Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateJanuary 2017
Prince WilliamAvailableUCAbs Rate$700,000-$799,9994759.40$800,000-$899,9992446.00$900,000-$999,9991500.00$1M -$1.49M23123.00$1.5M -2.49515.00$2.5 million +200.00Overall9095401.68
Absorption Rate = the number of active listings/by the number of homes marked under contract in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. February 10, 2017
9Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateJanuary 2017
LoudounAvailableUCAbs Rate< $100,000111.00$100,000$199,99925112.27$200,000-$299,9994066.61$300,000-$399,9991051031.02$400,000-$499,999125911.37$500,000-$599,999153612.51$600,000-$699,999203523.90
Source: MRIS, Inc. February 10, 2017
10Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateJanuary 2017
LoudounAvailableUCAbs Rate$700,000-$799,999130265.00$800,000-$899,99981145.79$900,000-$999,9993465.67$1M -$1.49M76515.20$1.5M -2.495200.00$2.5 million +24124.00Overall1,0564322.44
Absorption Rate = the number of active listings/by the number of homes marked under contract in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. February 10, 2017
11Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
No. VACurrentJan 2016VarAvailable2,7313,259-16%UC Last 30 Days1,4781,272+16%Sold Last 30 Days1,1101,007+10%Absorption Rate1.852.56As of February 10, 2017
12Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Fairfax Co.CurrentJan 2016VarAvailable1,9772,394-17%UC Last 30 Days1,062951+12%Sold Last 30 Days794743+7%Absorption Rate1.862.52As of February 10, 2017
13Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Fairfax Co. Stats- JanuaryAvg. SP- +8.12%
Units Sold- +6.86%
DOM- -6.67% to 70 days
Source: MRIS, Inc. February 10, 2017 Year over year
14
Local Market Update
Alexandria CityCurrentJan 2016VarAvailable303367-17%UC Last 30 Days186137+36%Sold Last 30 Days12596+30%Absorption Rate1.632.68As of February 10, 2017
15Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Arlington Co.CurrentJan 2016VarAvailable396439-10%UC Last 30 Days180153+18%Sold Last 30 Days158144+10%Absorption Rate2.202.87As of February 10, 2017
16Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
AnnandaleCurrentJan 2016VarAvailable5671-21%UC Last 30 Days4841+17%Sold Last 30 Days3734+9%Absorption Rate1.171.73As of February 10, 2017
SELLERS MARKET
17Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
AshburnCurrentJan 2016VarAvailable185274-32%UC Last 30 Days102109-6%Sold Last 30 Days8494-11%Absorption Rate1.812.51As of February 10, 2017
SELLERS MARKET
18Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
BristowCurrentJan 2016VarAvailable4776-38%UC Last 30 Days4539+15%Sold Last 30 Days2533-24%Absorption Rate1.041.95As of February 10, 2017
SELLERS MARKET
19Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
BurkeCurrentJan 2016VarAvailable3951-24%UC Last 30 Days3237-14%Sold Last 30 Days2740-33%Absorption Rate1.221.38As of February 10, 2017
SELLERS MARKET
20Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
CentrevilleCurrentJan 2016VarAvailable93117-21%UC Last 30 Days6975-8%Sold Last 30 Days4840+20%Absorption Rate1.351.56As of February 10, 2017
SELLERS MARKET
21Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ChantillyCurrentJan 2016VarAvailable67131-45%UC Last 30 Days6351+24%Sold Last 30 Days3937+5%Absorption Rate1.062.57As of February 10, 2017
SELLERS MARKET
22Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
CliftonCurrentJan 2016VarAvailable5239+33%UC Last 30 Days1014-29%Sold Last 30 Days107+43%Absorption Rate5.202.79As of February 10, 2017
23Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
FairfaxCurrentJan 2016VarAvailable197253-22%UC Last 30 Days145115+26%Sold Last 30 Days10197+4%Absorption Rate1.362.20As of February 10, 2017
SELLERS MARKET
24Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Fairfax StationCurrentJan 2016VarAvailable4348-10%UC Last 30 Days238+188%Sold Last 30 Days79-22%Absorption Rate1.876.00As of February 10, 2017
25Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
GainesvilleCurrentJan 2016VarAvailable95135-30%UC Last 30 Days4751-8%Sold Last 30 Days4735+34%Absorption Rate2.022.65As of February 10, 2017
26Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Great FallsCurrentJan 2016VarAvailable120147-18%UC Last 30 Days2111+91%Sold Last 30 Days117+57%Absorption Rate5.7113.36As of February 10, 2017
27Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
HaymarketCurrentJan 2016VarAvailable128153-16%UC Last 30 Days39390%Sold Last 30 Days2216+38%Absorption Rate3.283.92As of February 10, 2017
28Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
HerndonCurrentJan 2016VarAvailable104149-30%UC Last 30 Days5659-5%Sold Last 30 Days5339+36%Absorption Rate1.862.53As of February 10, 2017
29Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
LeesburgCurrentJan 2016VarAvailable223321-31%UC Last 30 Days11998+21%Sold Last 30 Days10178+29%Absorption Rate1.873.28As of February 10, 2017
SELLERS MARKET
30Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ManassasCurrentJan 2016VarAvailable231352-34%UC Last 30 Days190155+23%Sold Last 30 Days118117+1%Absorption Rate1.222.27As of February 10, 2017
SELLERS MARKET
31Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
McLeanCurrentJan 2016VarAvailable283289-2%UC Last 30 Days5851+14%Sold Last 30 Days5544+25%Absorption Rate4.885.67As of February 10, 2017
32Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
OaktonCurrentJan 2016VarAvailable5565-15%UC Last 30 Days1320-35%Sold Last 30 Days15150%Absorption Rate4.233.25As of February 10, 2017
33Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
RestonCurrentJan 2016VarAvailable132181-27%UC Last 30 Days9277+19%Sold Last 30 Days6070-14%Absorption Rate1.432.35As of February 10, 2017
SELLERS MARKET
34Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
SpringfieldCurrentJan 2016VarAvailable100135-26%UC Last 30 Days8388-6%Sold Last 30 Days7269+4%Absorption Rate1.201.53As of February 10, 2017
SELLERS MARKET
35Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
SterlingCurrentJan 2016VarAvailable63122-48%UC Last 30 Days9594+1%Sold Last 30 Days6866+3%Absorption Rate.661.30As of February 10, 2017
SELLERS MARKET
36Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ViennaCurrentJan 2016VarAvailable173176-2%UC Last 30 Days6047+28%Sold Last 30 Days4852-8%Absorption Rate2.883.74As of February 10, 2017
SELLERS MARKET
37Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
10 Vital Statistics You Must Know
Vienna Stats YTDTotal listings- 175Avg LP- $855,236Avg SP- $840,778LP/ SP- 96.2%DOM- 93Sales YTD- 48 (-7.69%)Appreciation/ Depreciation- +24.49%Months of Supply- 2.88Interest Rate- 4.13%
Source: MRIS, Inc. February 10, 2017
38
Local Market Update
WoodbridgeCurrentJan 2016VarAvailable320444-28%UC Last 30 Days244202+21%Sold Last 30 Days181146+24%Absorption Rate1.312.20As of February 10, 2017
SELLERS MARKET
39Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
DCCurrentJan 2016VarAvailable1,1071,114-1%UC Last 30 Days655530+24%Sold Last 30 Days545450+21%Absorption Rate1.692.10As of February 10, 2017
SELLERS MARKET
40Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Loudoun Co.CurrentJan 2016VarAvailable9721,339-27%UC Last 30 Days452417+8%Sold Last 30 Days351327+7%Absorption Rate2.153.21As of February 10, 2017
SELLERS MARKET
41Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Prince WilliamCurrentJan 2016VarAvailable8821,164-24%UC Last 30 Days565479+18%Sold Last 30 Days399338+18%Absorption Rate1.562.43As of February 10, 2017
SELLERS MARKET
42Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.