february market absorption for northern virginia

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Northern Virginia Available UC Abs Rate

< $100,000 19 11 1.73

$100,000–$199,999 147 109 1.35

$200,000-$299,999 336 212 1.58

$300,000-$399,999 457 267 1.71

$400,000-$499,999 420 196 2.14

$500,000-$599,999 428 146 2.93

$600,000-$699,999 317 93 3.41Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of

Alexandria, Fairfax & Falls Church. March 19, 2012

Northern Virginia Available UC Abs Rate

$700,000-$799,999 259 65 4.14

$800,000-$899,999 176 34 5.18

$900,000-$999,999 105 23 4.57

$1M -$1.49M 330 38 8.68

$1.5M -2.49 205 19 10.79

$2.5 million + 122 3 40.67

Overall 3,321 1,216 2.73Absorption 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. March 19, 2012

Avg. SP- +3.08%

Units Sold- +3.05%

DOM- -2.6% to 75 days

Source: MRIS, Inc. March 19, 2012

PW & Loudoun Available UC Abs Rate

< $100,000 12 10 1.20

$100,000–$199,999 142 165 0.86

$200,000-$299,999 375 256 1.46

$300,000-$399,999 521 180 2.89

$400,000-$499,999 486 129 3.77

$500,000-$599,999 359 71 5.06

$600,000-$699,999 214 26 8.23Source: MRIS, Inc. March 19, 2012

PW & Loudoun Available UC Abs Rate

$700,000-$799,999 141 13 10.85

$800,000-$899,999 78 6 13.00

$900,000-$999,999 44 2 22.00

$1M -$1.49M 71 3 23.67

$1.5M -2.49 42 0 0

$2.5 million + 38 0 0

Overall 2,523 861 2.93Absorption 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. March 19, 2012

No. VA Current Feb 2011 VarAvailable 3,305 3,495 -5%

UC Last 30 Days 1,293 1,640 -21%

Sold Last 30 Days 1,076 1,017 -6%

Absorption Rate 2.56 2.13As of March 19, 2012

SELLERS

MARKET

Fairfax Co. Current Feb 2011 VarAvailable 2,325 2,436 -5%

UC Last 30 Days 965 1,230 -22%

Sold Last 30 Days 757 721 +5%

Absorption Rate 2.14 1.98As of March 19, 2012

SELLERS

MARKET

Avg. SP- +.59%

Units Sold- +2.08%

DOM- -5.19% to 73 days

Source: MRIS, Inc. March 19, 2012

Alexandria City Current Feb 2011 VarAvailable 393 480 -18%

UC Last 30 Days 135 170 -21%

Sold Last 30 Days 120 138 -13%

Absorption Rate 2.91 2.82As of March 19, 2012

SELLERS

MARKET

Arlington Co. Current Feb 2011 VarAvailable 495 510 -3%

UC Last 30 Days 145 205 -29%

Sold Last 30 Days 174 135 +29%

Absorption Rate 3.41 2.49As of March 19, 2012

SELLERS

MARKET

Fairfax Current Feb 2011 VarAvailable 291 326 -11%

UC Last 30 Days 131 168 -22%

Sold Last 30 Days 92 93 -1%

Absorption Rate 2.22 1.94As of March 19, 2012

SELLERS

MARKET

Fairfax Station Current Feb 2011 VarAvailable 63 45 +40%

UC Last 30 Days 15 14 +7%

Sold Last 30 Days 9 5 +80%

Absorption Rate 4.20 3.21As of March 19, 2012

SELLERS

MARKET

Clifton Current Feb 2011 VarAvailable 49 43 +14%

UC Last 30 Days 21 21 0%

Sold Last 30 Days 9 5 +80%

Absorption Rate 2.33 2.05As of March 19, 2012

SELLERS

MARKET

Herndon Current Feb 2011 VarAvailable 105 110 -5%

UC Last 30 Days 52 58 -10%

Sold Last 30 Days 35 55 -36%

Absorption Rate 2.02 1.90As of March 19, 2012

SELLERS

MARKET

Sterling Current Feb 2011 VarAvailable 131 144 -9%

UC Last 30 Days 93 121 -23%

Sold Last 30 Days 72 72 0%

Absorption Rate 1.41 1.19As of March 19, 2012

SELLERS

MARKET

Vienna/ Oakton Current Feb 2011 VarAvailable 252 222 +14%

UC Last 30 Days 77 78 -1%

Sold Last 30 Days 51 50 +2%

Absorption Rate 3.27 2.85As of March 19, 2012

SELLERS

MARKET

Ashburn Current Feb 2011 VarAvailable 290 260 +12%

UC Last 30 Days 92 111 -17%

Sold Last 30 Days 74 68 +9%

Absorption Rate 3.15 2.34As of March 19, 2012

SELLERS

MARKET

Reston Current Feb 2011 VarAvailable 115 131 -12%

UC Last 30 Days 50 92 -46%

Sold Last 30 Days 68 47 +45%

Absorption Rate 2.30 1.42As of March 19, 2012

SELLERS

MARKET

Centreville Current Feb 2011 VarAvailable 98 123 -20%

UC Last 30 Days 73 114 -36%

Sold Last 30 Days 62 58 +7%

Absorption Rate 1.34 1.08As of March 19, 2012

SELLERS

MARKET

DC Current Feb 2011 VarAvailable 1,633 2,198 -26%

UC Last 30 Days 421 555 -24%

Sold Last 30 Days 425 369 +15%

Absorption Rate 3.88 3.96As of March 19, 2012

SELLERS

MARKET

Prince William Current Feb 2011 VarAvailable 1,169 1,290 -9%

UC Last 30 Days 505 647 -22%

Sold Last 30 Days 415 358 +16%

Absorption Rate 2.31 1.99As of March 19, 2012

SELLERS

MARKET

Loudoun Co. Current Feb 2011 VarAvailable 1,353 1,266 +7%

UC Last 30 Days 398 455 -13%

Sold Last 30 Days 290 272 +7%

Absorption Rate 3.40 2.78As of March 19, 2012

SELLERS

MARKET

GPAAR Current Feb 2011 VarAvailable 1,195 1,127 +6%

UC Last 30 Days 201 186 +8%

Sold Last 30 Days 141 95 +48%

Absorption Rate 5.95 6.06As of March 19, 2012

**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties

BRAR Current Feb 2011 VarAvailable 935 1,116 -16%

UC Last 30 Days 169 161 +5%

Sold Last 30 Days 153 115 +33%

Absorption Rate 5.53 6.93As of March 19, 2012

**Includes Clarke, Frederick, Warren Counties & Winchester City

FAAR Current Feb 2011 VarAvailable 1,340 1,770 -24%

UC Last 30 Days 383 502 -24%

Sold Last 30 Days 272 270 +1%

Absorption Rate 3.50 3.53As of March 19, 2012

**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties

SELLERS

MARKET