november 2016 market absorption for the washington dc and northern virginia markets
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Market Absorption Virginia
Market AbsorptionNorthern Virginia & DC
10 Vital Statistics You Must Know
Fairfax Co. Stats YTDTotal listings- Avg LP- $552,462Avg SP- $543,139LP/ SP- 97.3%DOM- 51Sales YTD- 14,612 (+6.95%)Appreciation/ Depreciation- 0%Months of Supply- 2.43Interest Rate- 4.06%Source: MRIS, Inc. December 12, 2016
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10 Vital Statistics You Must Know
Prince William Co. Stats YTDTotal listings- 1,152Avg LP- $366,655Avg SP- $362,596LP/ SP- 97.6%DOM- 50Sales YTD- 6,840 (+8.42%)Appreciation/ Depreciation- +2.47%Months of Supply- 2.22Interest Rate- 4.06%
Source: MRIS, Inc. December 12, 2016
3
10 Vital Statistics You Must Know
Loudoun Co. Stats YTDTotal listings- 1,268Avg LP- $487,431Avg SP- $480,466LP/ SP- 97.6%DOM- 51Sales YTD- 6,335 (+7.48%)Appreciation/ Depreciation- +0%Months of Supply- 2.77Interest Rate- 4.06%
Source: MRIS, Inc. December 12, 2016
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Local Market UpdateNovember 2016
Northern VirginiaAvailableUCAbs Rate< $100,000717.00$100,000$199,999196882.23$200,000-$299,9993991722.32$300,000-$399,9994022931.37$400,000-$499,9993462731.27$500,000-$599,9993282051.60$600,000-$699,9992961581.87
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of Alexandria, Fairfax & Falls Church. December 12, 2016
5Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update November 2016
Northern VirginiaAvailableUCAbs Rate$700,000-$799,9992291161.97$800,000-$899,999190593.22$900,000-$999,999183306.10$1M -$1.49M444865.16$1.5M -2.49306349.00$2.5 million +142432.50Overall3,5551,5192.34
Absorption 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 December 12, 2016
6Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
No VA Stats- NovemberAvg. SP- -2.57%
Units Sold- +25.37%
DOM- -6.78% to 55 days
Source: MRIS, Inc. December 12, 2016 Year over year
Local Market UpdateNovember 2016
Prince WilliamAvailableUCAbs Rate< $100,000100.00$100,000$199,99951371.38$200,000-$299,9992401641.46$300,000-$399,9992481401.77$400,000-$499,999198742.68$500,000-$599,999174563.11$600,000-$699,99988155.87
Source: MRIS, Inc. December 12, 2016
8Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateNovember 2016
Prince WilliamAvailableUCAbs Rate$700,000-$799,9994559.00$800,000-$899,99921121.00$900,000-$999,99911111.00$1M -$1.49M2538.33$1.5M -2.49300.00$2.5 million +200.00Overall1,1074962.23
Absorption 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. December 12, 2016
9Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateNovember 2016
LoudounAvailableUCAbs Rate< $100,000500.00$100,000$199,99923161.44$200,000-$299,99972521.38$300,000-$399,9991311311.00$400,000-$499,9991621041.56$500,000-$599,999170622.74$600,000-$699,999242594.10
Source: MRIS, Inc. December 12, 2016
10Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateNovember 2016
LoudounAvailableUCAbs Rate$700,000-$799,999139216.62$800,000-$899,99992811.50$900,000-$999,9994267.00$1M -$1.49M62512.40$1.5M -2.495400.00$2.5 million +2600.00Overall1,2204642.63
Absorption 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. December 12, 2016
11Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
No. VACurrentNov 2015VarAvailable3,6534,511-19%UC Last 30 Days1,5511,447+7%Sold Last 30 Days1,5421,230+25%Absorption Rate2.363.12As of December 12, 2016
12Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Fairfax Co.CurrentNov 2015VarAvailable2,6933,369-20%UC Last 30 Days1,1061,050+5%Sold Last 30 Days1,071867+24%Absorption Rate2.433.21As of December 12, 2016
13Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Fairfax Co. Stats- NovemberAvg. SP- -2.12%
Units Sold- +23.53%
DOM- -6.56% to 57 days
Source: MRIS, Inc. December 12, 2016 Year over year
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Local Market Update
Alexandria CityCurrentNov 2015VarAvailable391466-16%UC Last 30 Days191171+12%Sold Last 30 Days195149+31%Absorption Rate2.052.73As of December 12, 2016
15Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Arlington Co.CurrentNov 2015VarAvailable482589-18%UC Last 30 Days210196+7%Sold Last 30 Days239177+35%Absorption Rate2.303.01As of December 12, 2016
16Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
AnnandaleCurrentNov 2015VarAvailable101114-11%UC Last 30 Days5249+6%Sold Last 30 Days5232+63%Absorption Rate1.942.33As of December 12, 2016
SELLERS MARKET
17Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
AshburnCurrentNov 2015VarAvailable246388-37%UC Last 30 Days120123-2%Sold Last 30 Days141116+22%Absorption Rate2.053.15As of December 12, 2016
SELLERS MARKET
18Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
BristowCurrentNov 2015VarAvailable53100-47%UC Last 30 Days4338+13%Sold Last 30 Days3424+42%Absorption Rate1.232.63As of December 12, 2016
SELLERS MARKET
19Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
BurkeCurrentNov 2015VarAvailable6090-33%UC Last 30 Days5046+9%Sold Last 30 Days4533+36%Absorption Rate1.201.96As of December 12, 2016
SELLERS MARKET
20Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
CentrevilleCurrentNov 2015VarAvailable143184-22%UC Last 30 Days7672+6%Sold Last 30 Days7361+20%Absorption Rate1.882.56As of December 12, 2016
SELLERS MARKET
21Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ChantillyCurrentNov 2015VarAvailable103180-43%UC Last 30 Days6849+39%Sold Last 30 Days7142+69%Absorption Rate1.513.67As of December 12, 2016
SELLERS MARKET
22Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
CliftonCurrentNov 2015VarAvailable6563+3%UC Last 30 Days814-43%Sold Last 30 Days1215-20%Absorption Rate8.134.50As of December 12, 2016
23Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
FairfaxCurrentNov 2015VarAvailable274371-26%UC Last 30 Days133145-8%Sold Last 30 Days142131+8%Absorption Rate2.062.56As of December 12, 2016
SELLERS MARKET
24Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Fairfax StationCurrentNov 2015VarAvailable4958-16%UC Last 30 Days1013-23%Sold Last 30 Days2112+75%Absorption Rate4.904.46As of December 12, 2016
25Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
GainesvilleCurrentNov 2015VarAvailable126158-20%UC Last 30 Days4842+14%Sold Last 30 Days41410%Absorption Rate2.633.76As of December 12, 2016
26Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Great FallsCurrentNov 2015VarAvailable135183-26%UC Last 30 Days2112+75%Sold Last 30 Days1213-8%Absorption Rate6.4315.25As of December 12, 2016
27Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
HaymarketCurrentNov 2015VarAvailable145172-16%UC Last 30 Days2932-9%Sold Last 30 Days3225+28%Absorption Rate5.005.38As of December 12, 2016
28Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
HerndonCurrentNov 2015VarAvailable153197-22%UC Last 30 Days6461+5%Sold Last 30 Days5865-11%Absorption Rate2.393.23As of December 12, 2016
29Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
LeesburgCurrentNov 2015VarAvailable294398-26%UC Last 30 Days116112+4%Sold Last 30 Days11675+55%Absorption Rate2.533.55As of December 12, 2016
SELLERS MARKET
30Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ManassasCurrentNov 2015VarAvailable335470-29%UC Last 30 Days157179-12%Sold Last 30 Days158123+28%Absorption Rate2.132.63As of December 12, 2016
SELLERS MARKET
31Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
McLeanCurrentNov 2015VarAvailable353368-4%UC Last 30 Days6960+15%Sold Last 30 Days6649+35%Absorption Rate5.126.13As of December 12, 2016
32Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
OaktonCurrentNov 2015VarAvailable6574-12%UC Last 30 Days3124+29%Sold Last 30 Days1319-32%Absorption Rate2.103.08As of December 12, 2016
33Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
RestonCurrentNov 2015VarAvailable203274-26%UC Last 30 Days89115-23%Sold Last 30 Days8773+19%Absorption Rate2.282.38As of December 12, 2016
SELLERS MARKET
34Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
SpringfieldCurrentNov 2015VarAvailable146225-35%UC Last 30 Days9094-4%Sold Last 30 Days9773+33%Absorption Rate1.622.39As of December 12, 2016
SELLERS MARKET
35Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
SterlingCurrentNov 2015VarAvailable123206-40%UC Last 30 Days101106-5%Sold Last 30 Days9973+36%Absorption Rate1.221.94As of December 12, 2016
SELLERS MARKET
36Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ViennaCurrentNov 2015VarAvailable210235-11%UC Last 30 Days6360+5%Sold Last 30 Days7955+44%Absorption Rate3.333.92As of December 12, 2016
37Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
10 Vital Statistics You Must Know
Vienna Stats YTDTotal listings- 210Avg LP- $793,089Avg SP- $779,290LP/ SP- 96.9%DOM- 60Sales YTD- 888 (+4.23%)Appreciation/ Depreciation- -1%Months of Supply- 3.33Interest Rate- 4.06%
Source: MRIS, Inc. December 12, 2016
38
Local Market Update
WoodbridgeCurrentNov 2015VarAvailable440571-23%UC Last 30 Days248238+4%Sold Last 30 Days210173+21%Absorption Rate1.772.40As of December 12, 2016
SELLERS MARKET
39Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
DCCurrentNov 2015VarAvailable1,3331,294+3%UC Last 30 Days658714-8%Sold Last 30 Days671636+6%Absorption Rate2.031.81As of December 12, 2016
SELLERS MARKET
40Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Loudoun Co.CurrentNov 2015VarAvailable1,2681,753-28%UC Last 30 Days471464+2%Sold Last 30 Days482370+30%Absorption Rate2.693.78As of December 12, 2016
SELLERS MARKET
41Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Prince WilliamCurrentNov 2015VarAvailable1,1521,527-25%UC Last 30 Days518504+3%Sold Last 30 Days471376+25%Absorption Rate2.223.03As of December 12, 2016
SELLERS MARKET
42Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.