Northern Virginia Counties’ Year End Statistics Point To Healthy Real Estate Market
Police Officer to be Honored Along Funeral Profession Route
January 4, 2013Prince William County, Fairfax County Home Sales Increase In 2012
January 15, 2013At Sweethomeva.com we hear the same question from many home sellers: is now a good time to sell my home in Northern Virginia? Each home seller’s circumstances vary, so we are unable to provide a definitive answer to that question. However, we are happy to let prospective home sellers know that new Northern Virginia real estate market data indicates healthy market growth in Fairfax County and Prince William County in 2012 over the previous year.
Year end figures released by Real Estate Business Intelligence (RBI) show that sales volume for the year ending December 2012 increased by double digits over last year’s numbers in both counties. Sales prices were up nicely as well, with Prince William County making substantial gains in average sales price and median sales price.
The only indicator with a negative year over year change was average days on market. Excellent news for home sellers! In Fairfax County, nearly 33% of homes sold (4,518 units) in 2012 were sold within 10 days of being listed on the market. In Prince William County, about 29% of listed units (1,756 units) were sold in the first 10 days. See the charts below for more insight on the growth in the Prince William County and Fairfax County real estate markets.
Have you been thinking about selling your home? Want more detailed information on the market conditions? Interested in statistics on other Northern Virginia Counties? We’ve got answers! If you decide to list with us, selling your home will be our priority. Contact us today!
Fairfax County Year End Real Estate Market Statistics
| Dec 2012 | Dec 2011 | % Change | |
| Sales Volume | $6,804,594,922 | $5,957,449,310 | 14.22% |
| Average Sales Price | $492,480 | $471,317 | 4.49% |
| Median Sales Price | $422,000 | $400,000 | 5.50% |
| Units Sold | 13,817 | 12,640 | 9.31% |
| Average Days on Market | 50 | 58 | -13.79% |
Prince William County Year End Real Estate Market Statistics
| Dec 2012 | Dec 2011 | % Change | |
| Sales Volume | $1,859,765,951 | $1,667,525,679 | 11.53% |
| Average Sales Price | $305,330 | $284,173 | 7.45% |
| Median Sales Price | $274,990 | $250,000 | 10.00% |
| Units Sold | 6,091 | 5,869 | 3.78% |
| Average Days on Market | 49 | 56 | -12.50% |
