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.
- TAGS
- fauquier-county-real-estate
- prince-william-real-estate
- loudoun-county-real-estate
- fairfax-county-real-estate
- arlington-real-estate
- alexandria-real-estate
- fairfax-real-estate
- falls-church-real-estate
- manassas-real-estate
- best-northern-virginia-realtor
- you-northern-virginia-realto
- northern-virginia-home-trends
- norther-virginia-home-prices
- real-estate-of-nva
- nva-real-estate-trends
- nova-real-estate-trends
- northern-virginia-real-estate
- michele-hudnall
- realestatofnva
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|| NORTHERN VIRGINIA OVERVIEW<br />
Median Sale Price $525,550 Avg Concession<br />
Median Sale to<br />
Median Days on<br />
$5,667<br />
100.10%<br />
Orig List Price<br />
<strong>Market</strong><br />
6<br />
-4.01% 2.19% -11.49% -15.44% -1.57% 0.10% 20.00% 0.00%<br />
MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />
$547,500 $514,300<br />
$6,4<strong>03</strong> $6,702 101.70%<br />
100.00% 5 6<br />
YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />
$488,100 $526,017 7.77% $6,702 $5,667 -15.44% 99.73% 100.60% 0.87% 11 6 -42.42%<br />
5-Yr MAR avg $459,460 14.38% MAR % w/ Con 35.17% 16.57% -52.89% 5-Yr MAR avg 99.46% 0.64% 5-Yr MAR avg 12 -49.15%<br />
Median Days<br />
Contract to Settle<br />
31<br />
6.90% 3.33%<br />
MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />
29<br />
30<br />
YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />
32 31 -1.05%<br />
5-Yr MAR avg 33 -6.63%<br />
Median Days on <strong>Market</strong><br />
by Structure Type<br />
Condo Detached Townhome<br />
101 45 58 14<br />
Avg Months<br />
Supply <strong>of</strong> Inv<br />
-1.18%<br />
0.60<br />
-46.49%<br />
MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />
0.60<br />
1.11<br />
YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />
0.99 0.60 -39.29%<br />
5-Yr MAR avg 1.79 -66.71%<br />
Active Listings 2,102 New Listings 3,459 New Pendings<br />
3,109 Closed Listings 2,552<br />
-2.05% -41.85% -33.65% -32.16% -34.42% -17.05% -28.62% -19.39%<br />
MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020 MoM Chg fr FEB <strong>2021</strong> YoY Chg fr MAR 2020<br />
2,146 3,615 5,213 5,099 4,741 3,748 3,575 3,166<br />
YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg YTD 2020 <strong>2021</strong> % <strong>of</strong> Chg<br />
9,565 6,340 -33.72% 11,863 11,816 -0.40% 9,411 10,747 14.20% 7,110 8,536 20.06%<br />
5-Yr MAR avg 5,477 -61.62% 5-Yr MAR avg 5,752 -39.87% 5-Yr MAR avg 4,209 -26.13% 5-Yr MAR avg 4,209 -39.37%<br />
<strong>Real</strong> <strong>Estate</strong> <strong>of</strong> NVA <strong>Market</strong> <strong>Report</strong> - 3 -
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