northern virginia market absorption rates for october
DESCRIPTION
Local market absorption rates for the Northern Virginia and Washington DC markets for OctoberTRANSCRIPT
Market Absorption
Virginia
Local Market UpdateOctober 2011
Northern Virginia Available UC Abs Rate
< $100,000 30 9 3.33
$100,000–$199,999 216 134 1.61
$200,000-$299,999 560 223 2.51
$300,000-$399,999 724 256 2.83
$400,000-$499,999 597 210 2.84
$500,000-$599,999 537 109 4.93
$600,000-$699,999 341 93 3.67Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. November 11, 2011
Local Market UpdateOctober 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 287 69 4.16
$800,000-$899,999 181 42 4.31
$900,000-$999,999 126 15 8.40
$1M -$1.49M 350 40 8.75
$1.5M -2.49 227 10 22.70
$2.5 million + 128 4 32.00
Overall 4,304 1,214 3.55Absorption 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. November 11 2011
No VA Stats
Avg. SP- +0.66%
Units Sold- -13.4%
DOM- +17.86% to 66 days
Source: MRIS, Inc. November 11, 2011
Local Market UpdateOctober 2011
PW & Loudoun Available UC Abs Rate
< $100,000 22 21 1.05
$100,000–$199,999 228 194 1.18
$200,000-$299,999 547 213 2.57
$300,000-$399,999 560 186 3.01
$400,000-$499,999 519 99 5.24
$500,000-$599,999 407 41 9.93
$600,000-$699,999 220 24 9.17Source: MRIS, Inc. November11, 2011
Local Market UpdateOctober 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 125 13 9.62
$800,000-$899,999 78 7 11.14
$900,000-$999,999 47 3 15.67
$1M -$1.49M 91 5 18.20
$1.5M -2.49 49 1 49.00
$2.5 million + 36 0 0
Overall 2,929 807 3.63Absorption 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. November 11 2011
Local Market Update
No. VA Current Oct 2010 VarAvailable 4,349 5,185 -16%
UC Last 30 Days 1,228 1,502 -18%
Sold Last 30 Days 1,157 1,288 -10%
Absorption Rate 3.54 3.45As of November 11, 2011
SELLERS
MARKET
Local Market Update
Fairfax Co. Current Oct 2010 VarAvailable 3,116 3,575 -13%
UC Last 30 Days 906 1,098 -17%
Sold Last 30 Days 834 952 -12%
Absorption Rate 3.44 3.26As of November 11, 2011
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +0.03%
Units Sold- -14.39%
DOM- +10% to 66 days
Source: MRIS, Inc. November 11, 2011
Local Market Update
Alexandria City Current Oct 2010 VarAvailable 478 715 -33%
UC Last 30 Days 121 181 -33%
Sold Last 30 Days 141 126 +12%
Absorption Rate 3.95 3.95As of November 11, 2011
SELLERS
MARKET
Local Market Update
Arlington Co. Current Oct 2010 VarAvailable 650 758 -14%
UC Last 30 Days 173 178 -3%
Sold Last 30 Days 151 181 -17%
Absorption Rate 3.76 4.26As of November 11, 2011
SELLERS
MARKET
Local Market Update
Fairfax Current Oct 2010 VarAvailable 386 499 -23%
UC Last 30 Days 122 133 -8%
Sold Last 30 Days 123 127 -3%
Absorption Rate 3.16 3.75As of November 11, 2011
SELLERS
MARKET
Local Market Update
Fairfax Station Current Oct 2010 VarAvailable 79 64 +23%
UC Last 30 Days 11 18 -39%
Sold Last 30 Days 7 8 -13%
Absorption Rate 7.18 3.56As of November 11, 2011
Local Market Update
Clifton Current Oct 2010 VarAvailable 62 68 -9%
UC Last 30 Days 14 13 +8%
Sold Last 30 Days 7 11 -36%
Absorption Rate 4.43 5.23As of November 11, 2011
SELLERS
MARKET
Local Market Update
Herndon Current Oct 2010 VarAvailable 133 136 -2%
UC Last 30 Days 56 76 -26%
Sold Last 30 Days 58 71 -18%
Absorption Rate 2.38 1.79As of November 11, 2011
SELLERS
MARKET
Local Market Update
Sterling Current Oct 2010 VarAvailable 190 245 -22%
UC Last 30 Days 98 119 -18%
Sold Last 30 Days 76 93 -18%
Absorption Rate 1.94 2.06As of November 11, 2011
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current Oct 2010 VarAvailable 297 345 -14%
UC Last 30 Days 68 90 -24%
Sold Last 30 Days 52 79 -34%
Absorption Rate 4.37 3.83As of November 11, 2011
SELLERS
MARKET
Local Market Update
Ashburn Current Oct 2010 VarAvailable 331 329 +1%
UC Last 30 Days 73 95 -23%
Sold Last 30 Days 88 100 -12%
Absorption Rate 4.53 3.46As of November 11, 2011
SELLERS
MARKET
Local Market Update
Reston Current Oct 2010 VarAvailable 169 225 -25%
UC Last 30 Days 62 82 -24%
Sold Last 30 Days 78 71 +10%
Absorption Rate 2.73 2.74As of November 11, 2011
SELLERS
MARKET
Local Market Update
Centreville Current Oct 2010 VarAvailable 171 201 -15%
UC Last 30 Days 67 86 -22%
Sold Last 30 Days 62 74 -16%
Absorption Rate 2.55 2.34As of November 17, 2011
SELLERS
MARKET
Local Market Update
DC Current Oct 2010 VarAvailable 2,179 2,846 -23%
UC Last 30 Days 466 524 -11%
Sold Last 30 Days 430 501 -14%
Absorption Rate 4.68 5.43As of November 11, 2011
SELLERS
MARKET
Local Market Update
Prince William Current Oct 2010 VarAvailable 1,366 1,636 -17%
UC Last 30 Days 491 531 -8%
Sold Last 30 Days 410 447 -8%
Absorption Rate 2.78 3.08As of November 11, 2011
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Oct 2010 VarAvailable 1,565 1,636 -4%
UC Last 30 Days 329 412 -20%
Sold Last 30 Days 315 373 -16%
Absorption Rate 4.76 3.97As of November 11, 2011
SELLERS
MARKET
Local Market Update
GPAAR Current Oct 2010 VarAvailable 1,455 1,360 +7%
UC Last 30 Days 139 148 -6%
Sold Last 30 Days 140 145 -3%
Absorption Rate 10.47 9.19As of November 11, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Oct 2010 VarAvailable 1,091 1,392 -22%
UC Last 30 Days 151 151 0%
Sold Last 30 Days 145 176 -18%
Absorption Rate 7.23 9.22As of November 11, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Oct 2010 VarAvailable 1,533 2,052 -25%
UC Last 30 Days 347 306 +13%
Sold Last 30 Days 320 313 +2%
Absorption Rate 4.42 6.71As of November 11, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET