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

2020 - End of the Year Clearance Sale!! This is a monthly report of the Northern Virginia Real Estate market regarding current market conditions with the blog, report and video conversation. The numbers come from the MLS (Bright), opinions are my own. This represents the market up to 5 Bedrooms keeping the numbers sub $1.5M and out of the luxury, custom market.

2020 - End of the Year Clearance Sale!!

This is a monthly report of the Northern Virginia Real Estate market regarding current market conditions with the blog, report and video conversation.

The numbers come from the MLS (Bright), opinions are my own. This represents the market up to 5 Bedrooms keeping the numbers sub $1.5M and out of the luxury, custom market.

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|| NORTHERN VIRGINIA OVERVIEW NOVEMBER <strong>2020</strong><br />

PAST DEMAND – PREVIOUS 45-60 DAYS PENDINGS<br />

Sold Listings 2019/<strong>12</strong> <strong>2020</strong>/01 <strong>2020</strong>/11 <strong>2020</strong>/<strong>12</strong>MoM CHGYTD CHG YoY CHG<br />

Alexandria City, VA 179 <strong>12</strong>3 217 232 6.91% 88.62% 29.61%<br />

Arlington, VA 190 138 208 256 23.08% 85.51% 34.74%<br />

Fairfax City, VA 34 14 32 31 -3.13% <strong>12</strong>1.43% -8.82%<br />

Fairfax, VA 1092 765 1369 1330 -2.85% 73.86% 21.79%<br />

Falls Church City, VA 10 4 10 9 -10.00% <strong>12</strong>5.00% -10.00%<br />

Fauquier, VA 79 65 107 <strong>12</strong>6 17.76% 93.85% 59.49%<br />

Loudoun, VA 484 310 647 625 -3.40% 101.61% 29.13%<br />

Manassas City, VA 60 28 57 73 28.07% 160.71% 21.67%<br />

Manassas Park City, VA <strong>12</strong> 16 21 24 14.29% 50.00% 100.00%<br />

Prince William, VA 551 387 692 727 5.06% 87.86% 31.94%<br />

SOLD LISTINGS:<br />

This indicator is the lagging indicator to New Listings. Like New Listings, Sold Listings continue to rise into the Fall Season and<br />

is thus much higher regarding Year over Year change percentages.<br />

Sold Listings continued to rise gobbling up Active Listings with New and Pending Listings declining. I call this the end <strong>of</strong> year<br />

clean out the Listings Closet sale.<br />

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