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2021-03 -- Real Estate of Northern Virginia Market Report - March 2021 Real Estate Trends - Michele Hudnall

2021 - Dare I Say Bidding Wars - Highly Competitive Market and a Unique Sellers Market! The Real Estate of Northern Virginia Report is a comprehensive residential real estate update for the Northern Virginia (NVA) region. The report is a unique report for the region that is both wide and deep, focused locally with actionable advice. The data is drawn from the local listing service, Bright MLS, compiled and presented with my opinion and advice as the author, knowledge as a Realtor and lifetime resident of this region.

2021 - Dare I Say Bidding Wars - Highly Competitive Market and a Unique Sellers Market!

The Real Estate of Northern Virginia Report is a comprehensive residential real estate update for the Northern Virginia (NVA) region. The report is a unique report for the region that is both wide and deep, focused locally with actionable advice.

The data is drawn from the local listing service, Bright MLS, compiled and presented with my opinion and advice as the author, knowledge as a Realtor and lifetime resident of this region.

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UNITS<br />

4500<br />

FAIRFAX COUNTY<br />

Listings to EOM Inventory to Median Sale Price Over 5 Years<br />

EOM Inv Active New Pending Closed Avg <strong>of</strong> Med Sold Price<br />

VALUE<br />

700000<br />

4000<br />

3500<br />

3000<br />

2500<br />

600000<br />

500000<br />

400000<br />

2000<br />

1500<br />

1000<br />

500<br />

300000<br />

200000<br />

100000<br />

0<br />

0<br />

UNITS<br />

3000<br />

FAIRFAX COUNTY<br />

Active and Closed Listings to Median Sales Price by Structure Over 5 Years<br />

Sale $ Detached Sale $ Townhome Sale $ Condominium<br />

Detached Home Townhome Condominium<br />

Detached Closed Townhome Closed Condo Closed<br />

VALUE<br />

900000<br />

2500<br />

2000<br />

1500<br />

1000<br />

800000<br />

700000<br />

600000<br />

500000<br />

400000<br />

300000<br />

500<br />

0<br />

200000<br />

100000<br />

0<br />

- 43 -

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