northern virginia market absorption rates for october
DESCRIPTION
Local market absorption rates for the Northern Virginia and Washington DC markets for OctoberTRANSCRIPT
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Market Absorption
Virginia
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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
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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
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No VA Stats
Avg. SP- +0.66%
Units Sold- -13.4%
DOM- +17.86% to 66 days
Source: MRIS, Inc. November 11, 2011
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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
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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
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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
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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
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Fairfax Co. Stats
Avg. SP- +0.03%
Units Sold- -14.39%
DOM- +10% to 66 days
Source: MRIS, Inc. November 11, 2011
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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