may absorption for northern virginia areas
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Market Absorption
Virginia
Local Market UpdateMay 2011
Northern Virginia Available UC Abs Rate
< $100,000 38 14 2.71
$100,000–$199,999 211 164 1.28
$200,000-$299,999 564 261 2.16
$300,000-$399,999 789 313 2.52
$400,000-$499,999 693 272 2.54
$500,000-$599,999 662 212 3.12
$600,000-$699,999 434 137 3.16Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. June 16, 2011
Local Market UpdateMay 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 362 138 2.62
$800,000-$899,999 255 67 3.80
$900,000-$999,999 167 27 6.18
$1M -$1.49M 413 62 6.66
$1.5M -2.49 253 17 14.88
$2.5 million + 138 4 34.50
Overall 4,979 1,688 2.94Absorption 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. June 16, 2011
No VA Stats
Avg. SP- +5.4%
Units Sold- -20.69%
DOM- +43.59% to 56 days
Source: MRIS, Inc. June 16, 2011
Local Market UpdateMay 2011
PW & Loudoun Available UC Abs Rate
< $100,000 19 13 1.46
$100,000–$199,999 211 222 .95
$200,000-$299,999 532 266 2.00
$300,000-$399,999 629 211 2.98
$400,000-$499,999 539 149 3.61
$500,000-$599,999 474 74 6.40
$600,000-$699,999 269 55 4.89Source: MRIS, Inc. June 16, 2011
Local Market UpdateMay 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 145 26 5.57
$800,000-$899,999 119 14 8.50
$900,000-$999,999 54 13 4.15
$1M -$1.49M 111 5 22.20
$1.5M -2.49 58 1 58.00
$2.5 million + 30 0 0
Overall 3,190 1,049 3.04Absorption 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. June 16, 2011
Local Market Update
No. VA Current May 2010 VarAvailable 4,997 5,085 -2%
UC Last 30 Days 1,691 1,684 +.4%
Sold Last 30 Days 1,700 2,048 -17%
Absorption Rate 2.95 3.02As of June 16, 2011
SELLERS
MARKET
Local Market Update
Fairfax Co. Current May 2010 VarAvailable 3,523 3,549 -.7%
UC Last 30 Days 1,260 1,231 +2.3%
Sold Last 30 Days 1,226 1,486 -17%
Absorption Rate 2.79 2.88As of June 16, 2011
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +7.2%
Units Sold- -18.44%
DOM- +34.21% to 51days
Source: MRIS, Inc. June 16, 2011
Local Market Update
Alexandria City Current May 2010 VarAvailable 617 626 -1.4%
UC Last 30 Days 169 183 -7.6%
Sold Last 30 Days 204 222 -8.1%
Absorption Rate 3.65 3.42As of June 16, 2011
SELLERS
MARKET
Local Market Update
Arlington Co. Current May 2010 VarAvailable 712 791 -9.9%
UC Last 30 Days 216 228 -5.2%
Sold Last 30 Days 221 294 -25%
Absorption Rate 3.29 3.46As of June 16, 2011
SELLERS
MARKET
Local Market Update
Fairfax Current May 2010 VarAvailable 380 455 -17%
UC Last 30 Days 148 169 -12%
Sold Last 30 Days 149 209 -29%
Absorption Rate 2.56 2.69As of June 16, 2011
SELLERS
MARKET
Local Market Update
Fairfax Station Current May 2010 VarAvailable 85 70 +21%
UC Last 30 Days 18 16 +13%
Sold Last 30 Days 12 12 0%
Absorption Rate 4.72 4.38As of June 16, 2011
SELLERS
MARKET
Local Market Update
Clifton Current May 2010 VarAvailable 88 72 +22%
UC Last 30 Days 24 12 +100%
Sold Last 30 Days 15 14 +7%
Absorption Rate 3.66 6.00As of June 16, 2011
SELLERS
MARKET
Local Market Update
Herndon Current May 2010 VarAvailable 175 171 +2.3%
UC Last 30 Days 76 79 -4%
Sold Last 30 Days 75 105 -29%
Absorption Rate 2.30 2.16As of June 16, 2011
SELLERS
MARKET
Local Market Update
Sterling Current May 2010 VarAvailable 196 231 -15%
UC Last 30 Days 111 91 +22%
Sold Last 30 Days 120 140 -14%
Absorption Rate 1.76 2.54As of June 16, 2011
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current May 2010 VarAvailable 318 334 -4.7%
UC Last 30 Days 107 136 -21%
Sold Last 30 Days 111 147 -24%
Absorption Rate 2.97 2.45As of June 16, 2011
SELLERS
MARKET
Local Market Update
Ashburn Current May 2010 VarAvailable 355 317 +12%
UC Last 30 Days 115 101 +14%
Sold Last 30 Days 96 142 -32%
Absorption Rate 3.08 3.13As of June 16, 2011
SELLERS
MARKET
Local Market Update
Reston Current May 2010 VarAvailable 179 258 -31%
UC Last 30 Days 84 102 -18%
Sold Last 30 Days 91 118 -23%
Absorption Rate 2.13 2.52As of June 16, 2011
SELLERS
MARKET
Local Market Update
Centreville Current May 2010 VarAvailable 159 160 -.6%
UC Last 30 Days 107 70 +53%
Sold Last 30 Days 93 130 -28%
Absorption Rate 1.48 2.28As of June 16, 2011
SELLERS
MARKET
Local Market Update
DC Current May 2010 VarAvailable 2,439 2,695 -9%
UC Last 30 Days 532 545 -2.3%
Sold Last 30 Days 629 711 -12%
Absorption Rate 4.58 4.94As of June 16, 2011
SELLERS
MARKET
Local Market Update
Prince William Current May 2010 VarAvailable 1,499 1,402 +7%
UC Last 30 Days 594 560 +6%
Sold Last 30 Days 527 698 -24%
Absorption Rate 2.52 2.50As of June 16, 2011
SELLERS
MARKET
Local Market Update
Loudoun Co. Current May 2010 VarAvailable 1,691 1,625 +4%
UC Last 30 Days 455 392 +16%
Sold Last 30 Days 416 530 -21%
Absorption Rate 3.71 4.14As of June 16, 2011
SELLERS
MARKET
Local Market Update
GPAAR Current May 2010 VarAvailable 1,510 1,411 +7%
UC Last 30 Days 176 151 +16%
Sold Last 30 Days 150 165 -9%
Absorption Rate 8.57 8.55As of June 16, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current May 2010 VarAvailable 1,212 1,332 -9%
UC Last 30 Days 163 160 +2%
Sold Last 30 Days 182 200 -9%
Absorption Rate 7.43 8.32As of June 16, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current May 2010 VarAvailable 1,798 1,968 -9%
UC Last 30 Days 430 352 +22%
Sold Last 30 Days 378 387 -2.3%
Absorption Rate 4.18 5.59As of June 16, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET