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Market Absorption Virginia
Market AbsorptionNorthern Virginia & DC
10 Vital Statistics You Must Know
Fairfax Co. Stats YTDTotal listings- 3,887Avg LP- $543,488Avg SP- $534,830LP/ SP- 97.3%DOM- 58Sales YTD- 5,909 (+7.71%)Appreciation/ Depreciation- -1%Months of Supply- 2.04Interest Rate- 3.56%Source: MRIS, Inc. June 26, 2016
2
10 Vital Statistics You Must Know
Prince William Co. Stats YTDTotal listings- 1,494Avg LP- $362,564Avg SP- $358,170LP/ SP- 97.4%DOM- 59Sales YTD- 2,725 (+6.61%)Appreciation/ Depreciation- +1.28%Months of Supply- 1.63Interest Rate- 3.56%
Source: MRIS, Inc. June 26, 2016
3
10 Vital Statistics You Must Know
Loudoun Co. Stats YTDTotal listings- 1,882Avg LP- $482,414Avg SP- $475,334LP/ SP- 97.5%DOM- 58Sales YTD- 2,515 (+6.61%)Appreciation/ Depreciation- 0%Months of Supply- 2.22Interest Rate- 3.56%
Source: MRIS, Inc. June 26, 2016
4
Local Market UpdateMay 2016
Northern VirginiaAvailableUCAbs Rate< $100,0001644.00$100,000$199,9992621122.34$200,000-$299,9995532742.02$300,000-$399,9996213771.65$400,000-$499,9996444081.58$500,000-$599,9995543621.53$600,000-$699,9995002941.70
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of Alexandria, Fairfax & Falls Church. June 26, 2016
5Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update May 2016
Northern VirginiaAvailableUCAbs Rate$700,000-$799,9993912091.87$800,000-$899,9993411392.45$900,000-$999,999260644.06$1M -$1.49M6401584.05$1.5M -2.49415469.02$2.5 million +1471311.31Overall5,3442,1122.53
Absorption 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 June 26, 2016
6Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
No VA Stats- MayAvg. SP- -1.92%
Units Sold- +7.94%
DOM- +2.70% to 38 days
Source: MRIS, Inc. June 26, 2016 Year over year
Local Market UpdateMay 2016
Prince WilliamAvailableUCAbs Rate< $100,000100.00$100,000$199,9994649.94$200,000-$299,999228268.85$300,000-$399,9993372181.55$400,000-$499,9993261791.82$500,000-$599,999337903.74$600,000-$699,999126206.30
Source: MRIS, Inc. June 26, 2016
8Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateMay 2016
Prince WilliamAvailableUCAbs Rate$700,000-$799,99964134.92$800,000-$899,99937218.50$900,000-$999,99922122.00$1M -$1.49M2546.25$1.5M -2.49616.00$2.5 million +300.00Overall1,5588451.84
Absorption 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. June 26, 2016
9Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateMay 2016
LoudounAvailableUCAbs Rate< $100,000111.00$100,000$199,99931161.94$200,000-$299,999119831.43$300,000-$399,9992412161.12$400,000-$499,9992661591.67$500,000-$599,9992411211.99$600,000-$699,999353953.72
Source: MRIS, Inc. June 26, 2016
10Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateMay 2016
LoudounAvailableUCAbs Rate$700,000-$799,999208405.20$800,000-$899,999141216.71$900,000-$999,99976164.75$1M -$1.49M99156.60$1.5M -2.4946146.00$2.5 million +2600.00Overall1,8487842.36
Absorption 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. June 26, 2016
11Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
No. VACurrentMay 2015VarAvailable5,1225,674-10%UC Last 30 Days2,5662,550+1%Sold Last 30 Days2,3122,142+8%Absorption Rate2.002.23As of June 26, 2016
SELLERS MARKET
12Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Fairfax Co.CurrentMay 2015VarAvailable3,8774,256-9%UC Last 30 Days1,8961,877+1%Sold Last 30 Days1,6831,527+10%Absorption Rate2.042.27As of June 26, 2016
SELLERS MARKET
13Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Fairfax Co. Stats- MayAvg. SP- -2.55%
Units Sold- +10.22%
DOM- -2.78% to 35 days
Source: MRIS, Inc. June 26, 2016 Year over year
14
Local Market Update
Alexandria CityCurrentMay 2015VarAvailable504593-15%UC Last 30 Days2742740%Sold Last 30 Days284272+4%Absorption Rate1.842.16As of June 26, 2016
15Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Arlington Co.CurrentMay 2015VarAvailable641685-6%UC Last 30 Days338333+2%Sold Last 30 Days295287+3%Absorption Rate1.902.06As of June 26, 2016
16Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
AnnandaleCurrentMay 2015VarAvailable137150-9%UC Last 30 Days6988-22%Sold Last 30 Days7762+24%Absorption Rate1.991.70As of June 26, 2016
SELLERS MARKET
17Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
AshburnCurrentMay 2015VarAvailable393529-26%UC Last 30 Days232211+10%Sold Last 30 Days207189+10%Absorption Rate1.692.51As of June 26, 2016
SELLERS MARKET
18Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
BristowCurrentMay 2015VarAvailable104128-19%UC Last 30 Days8263+30%Sold Last 30 Days6853+28%Absorption Rate1.272.03As of June 26, 2016
SELLERS MARKET
19Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
BurkeCurrentMay 2015VarAvailable7882-5%UC Last 30 Days8688-2%Sold Last 30 Days7767+15%Absorption Rate.91.93As of June 26, 2016
SELLERS MARKET
20Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
CentrevilleCurrentMay 2015VarAvailable193243-21%UC Last 30 Days134128+5%Sold Last 30 Days132119+11%Absorption Rate1.441.90As of June 26, 2016
SELLERS MARKET
21Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ChantillyCurrentMay 2015VarAvailable192220-13%UC Last 30 Days121100+21%Sold Last 30 Days8278+5%Absorption Rate1.512.20As of June 26, 2016
SELLERS MARKET
22Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
CliftonCurrentMay 2015VarAvailable8596-11%UC Last 30 Days3528+25%Sold Last 30 Days1517-12%Absorption Rate2.433.43As of June 26, 2016
23Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
FairfaxCurrentMay 2015VarAvailable423570-26%UC Last 30 Days241269-10%Sold Last 30 Days249220+13%Absorption Rate1.762.12As of June 26, 2016
SELLERS MARKET
24Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Fairfax StationCurrentMay 2015VarAvailable6877-12%UC Last 30 Days1933-42%Sold Last 30 Days2937-22%Absorption Rate2.741.79As of June 26, 2016
25Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
GainesvilleCurrentMay 2015VarAvailable175227-23%UC Last 30 Days9583+14%Sold Last 30 Days7868+15%Absorption Rate1.842.73As of June 26, 2016
26Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Great FallsCurrentMay 2015VarAvailable232216+7%UC Last 30 Days3431+10%Sold Last 30 Days2129-28%Absorption Rate6.826.97As of June 26, 2016
27Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
HaymarketCurrentMay 2015VarAvailable204264-23%UC Last 30 Days6357+11%Sold Last 30 Days6050+20%Absorption Rate3.244.63As of June 26, 2016
SELLERS MARKET
28Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
HerndonCurrentMay 2015VarAvailable229264-13%UC Last 30 Days130117+11%Sold Last 30 Days118109+8%Absorption Rate1.762.26As of June 26, 2016
29Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
LeesburgCurrentMay 2015VarAvailable467553-16%UC Last 30 Days177165+7%Sold Last 30 Days171137+25%Absorption Rate2.673.35As of June 26, 2016
30Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ManassasCurrentMay 2015VarAvailable421523-20%UC Last 30 Days292255+15%Sold Last 30 Days208203+2%Absorption Rate1.442.05As of June 26, 2016
SELLERS MARKET
31Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
McLeanCurrentMay 2015VarAvailable4264270%UC Last 30 Days100106-6%Sold Last 30 Days8871+24%Absorption Rate4.264.03As of June 26, 2016
32Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
OaktonCurrentMay 2015VarAvailable106121-12%UC Last 30 Days3933+18%Sold Last 30 Days3534+3%Absorption Rate2.723.67As of June 26, 2016
33Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
RestonCurrentMay 2015VarAvailable316388-19%UC Last 30 Days143137+4%Sold Last 30 Days136111+23%Absorption Rate2.212.83As of June 26, 2016
SELLERS MARKET
34Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
SpringfieldCurrentMay 2015VarAvailable191237-19%UC Last 30 Days163177-8%Sold Last 30 Days163138+18%Absorption Rate1.171.34As of June 26, 2016
SELLERS MARKET
35Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
SterlingCurrentMay 2015VarAvailable196282-31%UC Last 30 Days183158+16%Sold Last 30 Days135129+5%Absorption Rate1.071.78As of June 26, 2016
SELLERS MARKET
36Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ViennaCurrentMay 2015VarAvailable312297+5%UC Last 30 Days133126+6%Sold Last 30 Days8993-4%Absorption Rate2.352.36As of June 26, 2016
SELLERS MARKET
37Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
10 Vital Statistics You Must Know
Vienna Stats YTDTotal listings- 317Avg LP- $762,950Avg SP- $753,877LP/ SP- 97.5%DOM- 60Sales YTD- 329 (-1.50%)Appreciation/ Depreciation- -5.01%Months of Supply- 2.35Interest Rate- 3.56%
Source: MRIS, Inc. June 26, 2016
38
Local Market Update
WoodbridgeCurrentMay 2015VarAvailable529742-18%UC Last 30 Days413354+17%Sold Last 30 Days328279+18%Absorption Rate1.282.10As of June 26, 2016
SELLERS MARKET
39Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
DCCurrentMay 2015VarAvailable1,2811,236+4%UC Last 30 Days977948+3%Sold Last 30 Days860755+14%Absorption Rate1.311.30As of June 26, 2016
SELLERS MARKET
40Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Loudoun Co.CurrentMay 2015VarAvailable1,8222,220-18%UC Last 30 Days821750+9%Sold Last 30 Days691621+11%Absorption Rate2.222.96As of June 26, 2016
41Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Prince WilliamCurrentMay 2015VarAvailable1,4941,992-25%UC Last 30 Days915832+10%Sold Last 30 Days742653+14%Absorption Rate1.632.39As of June 26, 2016
SELLERS MARKET
42Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
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