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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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NOVEMBER <strong>2020</strong> FAIRFAX COUNTY OVERVIEW ||<br />

MARKET ANALYSIS BY STRUCTURE TYPE<br />

Avg<br />

Days on<br />

FAIRFAX COUNTY<br />

Avg Sale to<br />

Orig List<br />

Condominium<br />

Number<br />

<strong>of</strong> Sales<br />

Mkt<br />

Avg Price<br />

/ SQFT<br />

Avg Close<br />

Price<br />

Avg Orig<br />

List Price<br />

Price Ratio<br />

TOTALS / AVGS 239 28 $ 3<strong>12</strong>.74 $ 328,438 $ 336,057 98%<br />

BEDS<br />

210 28 $ 318.46 $ 319,840 $ 327,219 98%<br />

29 28 $ 271.30 $ 390,700 $ 400,054 98%<br />

DOM<br />

% <strong>of</strong> SALES<br />

61 <strong>12</strong>%<br />

AVG CONCESSION<br />

% OF SALES WITH<br />

A CONCESSION<br />

$5,205 41%<br />

CHG YTD CHG YoY CHG YTD CHG YoY<br />

8% 27% -5% -3%<br />

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