NVAR March Stats

Sales activity in Greater Northern Virginia (NVAR jurisdictions plus Prince
William, Loudoun and the Greater Piedmont counties) for March 2009 continues to
show an increase from 2008. The number of Greater Northern Virginia region
homes sold in March was 2,755, a 19.94 percent increase from March 2008’s total
of 2,297 sales. This marks the twelfth consecutive month of increased
year-over-year sales totals for Greater Northern Virginia. The average
sales price of $317,158 in March 2009 continues to lag behind the 2008 average
by 16.55 percent. The March 2008 average sales price was $409,294. The
year-to-date average sales price for March 2009 shows a decrease of 25.68 with
an average sales price of $309,390 over the March 2008 average sales price
of $416,276. Across Greater Northern Virginia, the number of listings
showed a decrease from 2008 numbers, with 15,508 listings active, which is 31.17
percent less than this time last year, when 22,531 homes were available. The
average DOM for a home sold in March 2009 was 95 compared with last year’s 121
DOM, a decrease of 21.01 percent.

www.NVAR.com March 2009 Statistics