Market Statistics: February, 2019

Posted by The Team USA on Wednesday, April 10th, 2019 at 10:21am.

February 2019 Regional Home Sales Compared to February 2018: Northern Virginia
Data as of March 6, 2019
 
The Northern Virginia Association of Realtors® reports on February 2019 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 1,146 homes sold in February 2019, an increase of less than 1 percent above February 2018 home sales of 1,143.

Active listings decreased this month compared with 2018. Listings were down about 21 percent below last year, with 1,889 active listings in February, compared with 2,396 homes available in February 2018. 

The average days on market (DOM) for homes in February 2019 was 52 days, a decrease of 25.71 percent compared to the 70 DOM for homes in February 2018.
The average home sale price rose by 2.62 percent compared with last February, to $571,375. The February 2018 average price was $556,791.

The median sold price of homes this February, which was $505,000, rose by 1 percent compared to the median price of $500,000 in February 2018.
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