march 2012 northern virginia market absorption
DESCRIPTION
2012 March Market Absorption Rates for Northern Virginia and DCTRANSCRIPT
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Northern Virginia Available UC Abs Rate
< $100,000 17 15 1.13
$100,000–$199,999 128 141 .90
$200,000-$299,999 343 295 1.16
$300,000-$399,999 490 378 1.30
$400,000-$499,999 432 325 1.33
$500,000-$599,999 406 280 1.45
$600,000-$699,999 354 170 2.08Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. April 12, 2012
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Northern Virginia Available UC Abs Rate
$700,000-$799,999 275 144 1.91
$800,000-$899,999 186 78 2.38
$900,000-$999,999 125 36 3.47
$1M -$1.49M 357 96 3.72
$1.5M -2.49 215 26 8.27
$2.5 million + 137 4 34.25
Overall 3,456 1,988 1.74Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. April 12, 2012
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Avg. SP- +8.09%
Units Sold- -.88%
DOM- 0% to 69 days
Source: MRIS, Inc. April 12, 2012
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PW & Loudoun Available UC Abs Rate
< $100,000 9 11 .82
$100,000–$199,999 127 209 .61
$200,000-$299,999 350 336 1.04
$300,000-$399,999 517 289 1.79
$400,000-$499,999 506 145 3.49
$500,000-$599,999 391 107 3.65
$600,000-$699,999 230 49 4.69Source: MRIS, Inc. April 12, 2012
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PW & Loudoun Available UC Abs Rate
$700,000-$799,999 153 15 10.20
$800,000-$899,999 89 14 6.36
$900,000-$999,999 47 4 11.75
$1M -$1.49M 77 4 19.25
$1.5M -2.49 46 0 0
$2.5 million + 43 0 0
Overall 2,585 1,183 2.19Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. April 12, 2012
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No. VA Current Mar 2011 VarAvailable 3,465 3,975 -13%
UC Last 30 Days 1,958 2,113 -7%
Sold Last 30 Days 1,472 1,437 +2%
Absorption Rate 1.77 1.88As of April 12, 2012
SELLERS
MARKET
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Fairfax Co. Current Mar 2011 VarAvailable 2,461 2,766 -11%
UC Last 30 Days 1,446 1,589 -9%
Sold Last 30 Days 1,065 1,034 +3%
Absorption Rate 1.70 1.74As of April 12, 2012
SELLERS
MARKET
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Avg. SP- +9.88%
Units Sold- +.68%
DOM- +2.94% to 70 days
Source: MRIS, Inc. April 12, 2012
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Alexandria City Current Mar 2011 VarAvailable 395 540 -27%
UC Last 30 Days 218 224 -3%
Sold Last 30 Days 163 171 -5%
Absorption Rate 1.80 2.41As of April 12, 2012
SELLERS
MARKET
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Arlington Co. Current Mar 2011 VarAvailable 526 585 -10%
UC Last 30 Days 266 257 +4%
Sold Last 30 Days 196 194 +1%
Absorption Rate 1.98 2.28As of April 12, 2012
SELLERS
MARKET
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Fairfax Current Mar 2011 VarAvailable 311 377 -18%
UC Last 30 Days 205 192 +7%
Sold Last 30 Days 160 158 +1%
Absorption Rate 1.52 1.96As of April 12, 2012
SELLERS
MARKET
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Fairfax Station Current Mar 2011 VarAvailable 66 52 +27%
UC Last 30 Days 25 17 +47%
Sold Last 30 Days 13 18 -28%
Absorption Rate 2.64 3.06As of April 12, 2012
SELLERS
MARKET
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Clifton Current Mar 2011 VarAvailable 53 52 +2%
UC Last 30 Days 26 29 -10%
Sold Last 30 Days 16 21 -24%
Absorption Rate 2.04 1.79As of April 12, 2012
SELLERS
MARKET
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Herndon Current Mar 2011 VarAvailable 106 136 -22%
UC Last 30 Days 96 99 -3%
Sold Last 30 Days 52 49 +6%
Absorption Rate 1.10 1.37As of April 12, 2012
SELLERS
MARKET
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Sterling Current Mar 2011 VarAvailable 132 130 +2%
UC Last 30 Days 117 164 -29%
Sold Last 30 Days 107 82 +30%
Absorption Rate 1.13 .79As of April 12, 2012
SELLERS
MARKET
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Vienna/ Oakton Current Mar 2011 VarAvailable 256 271 -6%
UC Last 30 Days 137 108 +27%
Sold Last 30 Days 108 68 +59%
Absorption Rate 2.27 2.51As of April 12, 2012
SELLERS
MARKET
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Ashburn Current Mar 2011 VarAvailable 291 304 -4%
UC Last 30 Days 144 140 +3%
Sold Last 30 Days 90 80 +13%
Absorption Rate 2.02 2.17As of April 12, 2012
SELLERS
MARKET
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Reston Current Mar 2011 VarAvailable 125 143 -13%
UC Last 30 Days 118 121 -2%
Sold Last 30 Days 57 87 -34%
Absorption Rate 1.06 1.18As of April 12, 2012
SELLERS
MARKET
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Centreville Current Mar 2011 VarAvailable 81 131 -38%
UC Last 30 Days 115 130 -12%
Sold Last 30 Days 81 98 -17%
Absorption Rate .70 1.01As of April 12, 2012
SELLERS
MARKET
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DC Current Mar 2011 VarAvailable 1,632 2,306 -26%
UC Last 30 Days 630 738 -15%
Sold Last 30 Days 540 555 -3%
Absorption Rate 3.88 3.96As of April 12, 2012
SELLERS
MARKET
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Prince William Current Mar 2011 VarAvailable 1,193 1,344 -11%
UC Last 30 Days 658 759 -13%
Sold Last 30 Days 428 484 -12%
Absorption Rate 1.81 1.77As of April 12, 2012
SELLERS
MARKET
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Loudoun Co. Current Mar 2011 VarAvailable 1,396 1,416 -1%
UC Last 30 Days 525 611 -14%
Sold Last 30 Days 403 339 +19%
Absorption Rate 2.66 2.32As of April 12, 2012
SELLERS
MARKET
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GPAAR Current Mar 2011 VarAvailable 1,273 1,191 +7%
UC Last 30 Days 222 200 +11%
Sold Last 30 Days 184 136 +35%
Absorption Rate 5.73 5.96As of April 12, 2012
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
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BRAR Current Mar 2011 VarAvailable 996 1,133 -12%
UC Last 30 Days 201 230 -13%
Sold Last 30 Days 174 148 +18%
Absorption Rate 4.96 4.93As of April 12, 2012
**Includes Clarke, Frederick, Warren Counties & Winchester City
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FAAR Current Mar 2011 VarAvailable 1,397 1,787 -22%
UC Last 30 Days 509 575 -11%
Sold Last 30 Days 301 341 -12%
Absorption Rate 2.74 3.11As of April 12, 2012
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET