The Northern Virginia Association of Realtors® reports on July 2017 home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton.
A total of 2,251 homes sold in July 2017, a 2 percent increase above July 2016 home sales of 2,209.
Active listings decreased in July by about 12 percent compared with 2016. This past July, there were 4,375 active listings, compared with 4,991 homes available in July 2016. The average days on market (DOM) for homes in July 2017 was 36 days, a decrease of about 12 percent compared to the 41 DOM for homes in July 2016.
The average home sale price rose to $591,500 from last July’s average of $565,567. This was a 4.59 percent increase.