2020-12 -- Real Estate of Northern Virginia Market Report - December 2020 Real Estate Trends - Michele Hudnall

|| NORTHERN VIRGINIA OVERVIEW NOVEMBER 2020
CURRENT MARKET SUPPLY – MARKET SHIFT INDICATOR
Active Listings 2019/12 2020/01 2020/11 2020/12MoM CHGYTD CHG YoY CHG
Alexandria City, VA 291 316 656 489 -25.46% 54.75% 68.04%
Arlington, VA 324 312 883 646 -26.84% 107.05% 99.38%
Fairfax City, VA 101 89 81 51 -37.04% -42.70% -49.50%
Fairfax, VA 2739 2600 3329 2197 -34.00% -15.50% -19.79%
Falls Church City, VA 14 16 24 19 -20.83% 18.75% 35.71%
Fauquier, VA 450 416 325 210 -35.38% -49.52% -53.33%
Loudoun, VA 1387 1315 1313 838 -36.18% -36.27% -39.58%
Manassas City, VA 119 121 121 69 -42.98% -42.98% -42.02%
Manassas Park City, VA 61 52 40 26 -35.00% -50.00% -57.38%
Prince William, VA 1524 1402 1420 907 -36.13% -35.31% -40.49%
ACTIVE LISTINGS:
This is the indicator that will predict shift from the Seller’s Market to a Balanced or Buyer’s Market.
The cities of Alexandria, Arlington and Falls Church are the only Cities/Counties that are up YTD as well as YoY. These Sellers
are benefiting from the market, while these markets start to cool driven by rising condominiums on the market in all three
cities.
The greatest YoY rise are the two cities with cooling prices and the two counties with the lowest change are the two with the
greatest increase in price.
Is the Amazon Effect cooling with the pandemic and thoughtful sellers migrating out of the city?
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