local market absorption for the northern virginia area in april
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Market Absorption
Virginia
Local Market UpdateApril 2011
Northern Virginia Available UC Abs Rate
< $100,000 17 20 .85
$100,000–$199,999 145 90 1.61
$200,000-$299,999 363 215 1.68
$300,000-$399,999 536 242 2.21
$400,000-$499,999 507 205 2.47
$500,000-$599,999 426 156 2.73
$600,000-$699,999 264 93 2.83Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. May 11, 2011
Local Market UpdateApril 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 252 59 4.27
$800,000-$899,999 185 31 5.96
$900,000-$999,999 120 16 7.50
$1M -$1.49M 255 41 6.21
$1.5M -2.49 203 18 11.27
$2.5 million + 113 3 37.66
Overall 3,386 1,189 2.84Absorption 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. May 11, 2011
No VA Stats
Avg. SP- +3.03%
Units Sold- -24.45%
DOM- +32.61% to 61 days
Source: MRIS, Inc. May 11, 2011
Local Market UpdateApril 2011
PW & Loudoun Available UC Abs Rate
< $100,000 13 14 .92
$100,000–$199,999 205 232 .88
$200,000-$299,999 511 294 1.73
$300,000-$399,999 574 246 2.33
$400,000-$499,999 538 144 3.73
$500,000-$599,999 455 74 6.14
$600,000-$699,999 262 44 5.95Source: MRIS, Inc. May 11, 2011
Local Market UpdateApril 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 148 24 6.16
$800,000-$899,999 122 6 20.33
$900,000-$999,999 72 4 18.00
$1M -$1.49M 105 4 26.25
$1.5M -2.49 56 3 18.66
$2.5 million + 31 0 0
Overall 3,092 1,089 2.84Absorption 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. May 11, 2011
Local Market Update
No. VA Current April 2010 VarAvailable 4,817 5,054 -4.7%
UC Last 30 Days 1,637 2,569 -36%
Sold Last 30 Days 1,481 1,922 -23%
Absorption Rate 2.94 1.96As of May 11, 2011
SELLERS
MARKET
Local Market Update
Fairfax Co. Current April 2010 VarAvailable 3,387 3,489 -3%
UC Last 30 Days 1,190 1,882 -37%
Sold Last 30 Days 1,066 1,397 -24%
Absorption Rate 2.84 1.85As of May 11, 2011
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +4.32%
Units Sold- -25.05%
DOM- +31.82% to 58 days
Source: MRIS, Inc. May 11, 2011
Local Market Update
Alexandria City Current April 2010 VarAvailable 616 646 -5%
UC Last 30 Days 184 258 -29%
Sold Last 30 Days 169 197 -14%
Absorption Rate 3.34 2.50As of May 11, 2011
SELLERS
MARKET
Local Market Update
Arlington Co. Current April 2010 VarAvailable 698 792 -12%
UC Last 30 Days 211 374 -44%
Sold Last 30 Days 215 289 -26%
Absorption Rate 3.30 2.11As of May 11, 2011
SELLERS
MARKET
Local Market Update
Fairfax Current April 2010 VarAvailable 372 469 -21%
UC Last 30 Days 144 240 -40%
Sold Last 30 Days 142 180 -21%
Absorption Rate 2.58 1.95As of May 11, 2011
SELLERS
MARKET
Local Market Update
Fairfax Station Current April 2010 VarAvailable 69 62 +11%
UC Last 30 Days 15 20 -25%
Sold Last 30 Days 13 20 -35%
Absorption Rate 4.60 3.10As of May 11, 2011
SELLERS
MARKET
Local Market Update
Clifton Current April 2010 VarAvailable 80 62 +29%
UC Last 30 Days 11 29 -62%
Sold Last 30 Days 23 22 +5%
Absorption Rate 7.27 2.13As of May 11, 2011
SELLERS
MARKET
Local Market Update
Herndon Current April 2010 VarAvailable 184 169 +9%
UC Last 30 Days 79 140 -44%
Sold Last 30 Days 66 106 -38%
Absorption Rate 2.33 1.21As of May 11, 2011
SELLERS
MARKET
Local Market Update
Sterling Current April 2010 VarAvailable 177 195 -9%
UC Last 30 Days 99 179 -45%
Sold Last 30 Days 109 132 -17%
Absorption Rate 1.79 1.08As of May11, 2011
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current April 2010 VarAvailable 307 356 -14%
UC Last 30 Days 103 172 -40%
Sold Last 30 Days 80 99 -19%
Absorption Rate 2.98 2.07As of May 11, 2011
SELLERS
MARKET
Local Market Update
Ashburn Current April 2010 VarAvailable 342 307 +11%
UC Last 30 Days 124 180 -31%
Sold Last 30 Days 113 135 -16%
Absorption Rate 2.76 2.27As of May 11, 2011
SELLERS
MARKET
Local Market Update
Reston Current April 2010 VarAvailable 173 283 -39%
UC Last 30 Days 86 138 -38%
Sold Last 30 Days 97 114 -15%
Absorption Rate 2.01 2.05As of May 11, 2011
SELLERS
MARKET
Local Market Update
Centreville Current April 2010 VarAvailable 151 169 -11%
UC Last 30 Days 90 145 -38%
Sold Last 30 Days 76 112 -32%
Absorption Rate 1.67 1.16As of May 11, 2011
SELLERS
MARKET
Local Market Update
DC Current April 2010 VarAvailable 2,440 2,670 -9%
UC Last 30 Days 588 893 -34%
Sold Last 30 Days 544 706 -23%
Absorption Rate 4.14 2.98As of May 11, 2011
SELLERS
MARKET
Local Market Update
Prince William Current April 2010 VarAvailable 1,499 1,331 +13%
UC Last 30 Days 640 833 -23%
Sold Last 30 Days 481 697 -31%
Absorption Rate 2.28 1.58As of May 11, 2011
SELLERS
MARKET
Local Market Update
Loudoun Co. Current April 2010 VarAvailable 1,596 1,548 +3%
UC Last 30 Days 451 631 -29%
Sold Last 30 Days 410 488 -16%
Absorption Rate 3.53 2.45As of May 11, 2011
SELLERS
MARKET
Local Market Update
GPAAR Current April 2010 VarAvailable 1,495 1,291 +16%
UC Last 30 Days 196 226 -13%
Sold Last 30 Days 169 170 0%
Absorption Rate 8.33 5.97As of May 11, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current April 2010 VarAvailable 1,158 1,260 -8%
UC Last 30 Days 181 263 -31%
Sold Last 30 Days 146 181 -19%
Absorption Rate 6.39 4.79As of May 11, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current April 2010 VarAvailable 1,819 1,847 -2%
UC Last 30 Days 477 482 -1%
Sold Last 30 Days 356 410 -13%
Absorption Rate 3.81 3.83As of May 11, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET