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Market absorption rates for the Northern Virginia market in November 2011
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Market Absorption
Virginia
Local Market UpdateNovember 2011
Northern Virginia Available UC Abs Rate
< $100,000 23 21 1.10
$100,000–$199,999 198 101 1.96
$200,000-$299,999 504 220 2.29
$300,000-$399,999 598 264 2.27
$400,000-$499,999 501 135 3.71
$500,000-$599,999 418 129 3.24
$600,000-$699,999 290 70 4.14Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. December 14, 2011
Local Market UpdateNovember 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 236 38 6.21
$800,000-$899,999 154 37 4.16
$900,000-$999,999 98 15 6.53
$1M -$1.49M 291 26 11.19
$1.5M -2.49 208 14 14.86
$2.5 million + 115 4 28.75
Overall 3,634 1,074 4.38Absorption 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. December 14, 2011
No VA Stats
Avg. SP- +0.64%
Units Sold- -15.87%
DOM- +10.17% to 65 days
Source: MRIS, Inc. December 14, 2011
Local Market Update November 2011
PW & Loudoun Available UC Abs Rate
< $100,000 19 16 1.19
$100,000–$199,999 197 174 1.13
$200,000-$299,999 492 227 2.17
$300,000-$399,999 503 147 3.42
$400,000-$499,999 477 87 5.48
$500,000-$599,999 338 50 6.76
$600,000-$699,999 200 28 7.14Source: MRIS, Inc. December 14, 2011
Local Market UpdateNovember 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 110 14 7.86
$800,000-$899,999 66 1 66.00
$900,000-$999,999 41 2 20.50
$1M -$1.49M 80 2 40.00
$1.5M -2.49 41 0 0
$2.5 million + 36 0 0
Overall 2,600 748 3.48Absorption 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. December 14, 2011
Local Market Update
No. VA Current Nov 2010 VarAvailable 3,613 4,474 -19%
UC Last 30 Days 1,025 1,478 -31%
Sold Last 30 Days 1,210 1,336 -9%
Absorption Rate 3.52 3.03As of December 14, 2011
SELLERS
MARKET
Local Market Update
Fairfax Co. Current Nov 2010 VarAvailable 2,592 3,082 -16%
UC Last 30 Days 787 1,092 -28%
Sold Last 30 Days 864 968 -11%
Absorption Rate 3.29 2.82As of December 14, 2011
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +1.87%
Units Sold- -13.12%
DOM- 0% to 61 days
Source: MRIS, Inc. December 14, 2011
Local Market Update
Alexandria City Current Nov 2010 VarAvailable 401 625 -36%
UC Last 30 Days 103 146 -29%
Sold Last 30 Days 150 155 -3%
Absorption Rate 3.89 4.28As of December 14, 2011
SELLERS
MARKET
Local Market Update
Arlington Co. Current Nov 2010 VarAvailable 529 653 -19%
UC Last 30 Days 109 212 -49%
Sold Last 30 Days 166 177 -6%
Absorption Rate 4.85 3.08As of December 14, 2011
SELLERS
MARKET
Local Market Update
Fairfax Current Nov 2010 VarAvailable 333 427 -22%
UC Last 30 Days 121 140 -14%
Sold Last 30 Days 115 115 0%
Absorption Rate 2.75 3.05As of December 14, 2011
SELLERS
MARKET
Local Market Update
Fairfax Station Current Nov 2010 VarAvailable 61 56 +9%
UC Last 30 Days 13 12 +8%
Sold Last 30 Days 9 16 -44%
Absorption Rate 4.69 4.67As of December 14, 2011
SELLERS
MARKET
Local Market Update
Clifton Current Nov 2010 VarAvailable 59 56 +5%
UC Last 30 Days 7 12 -42%
Sold Last 30 Days 9 12 -25%
Absorption Rate 8.43 4.67As of December 14, 2011
SELLERS
MARKET
Local Market Update
Herndon Current Nov 2010 VarAvailable 97 119 -18%
UC Last 30 Days 55 70 -21%
Sold Last 30 Days 62 64 -3%
Absorption Rate 1.76 1.70As of December 14, 2011
SELLERS
MARKET
Local Market Update
Sterling Current Nov 2010 VarAvailable 162 207 -22%
UC Last 30 Days 81 103 -21%
Sold Last 30 Days 74 109 -32%
Absorption Rate 2.00 2.01As of December 14, 2011
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current Nov 2010 VarAvailable 250 291 -14%
UC Last 30 Days 49 71 -31%
Sold Last 30 Days 69 79 -13%
Absorption Rate 5.10 4.10As of December 14, 2011
Local Market Update
Ashburn Current Nov 2010 VarAvailable 162 311 -48%
UC Last 30 Days 81 83 -2%
Sold Last 30 Days 74 98 -24%
Absorption Rate 2.00 3.75As of December 14, 2011
SELLERS
MARKET
Local Market Update
Reston Current Nov 2010 VarAvailable 138 177 -22%
UC Last 30 Days 40 97 -59%
Sold Last 30 Days 61 68 -10%
Absorption Rate 3.45 1.82As of December 14, 2011
SELLERS
MARKET
Local Market Update
Centreville Current Nov 2010 VarAvailable 133 166 -20%
UC Last 30 Days 67 96 -30%
Sold Last 30 Days 74 74 0%
Absorption Rate 1.99 1.73As of December 14, 2011
SELLERS
MARKET
Local Market Update
DC Current Nov 2010 VarAvailable 1,879 2,631 -23%
UC Last 30 Days 423 497 -11%
Sold Last 30 Days 457 494 -14%
Absorption Rate 4.44 5.29As of December 14, 2011
SELLERS
MARKET
Local Market Update
Prince William Current Nov 2010 VarAvailable 1,235 1,518 -19%
UC Last 30 Days 412 540 -24%
Sold Last 30 Days 386 479 -19%
Absorption Rate 3.00 2.81As of December 14, 2011
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Nov 2010 VarAvailable 1,359 1,475 -4%
UC Last 30 Days 315 368 -20%
Sold Last 30 Days 312 381 -16%
Absorption Rate 4.31 4.01As of December 14, 2011
SELLERS
MARKET
Local Market Update
GPAAR Current Nov 2010 VarAvailable 1,324 1,273 +4%
UC Last 30 Days 138 157 -12%
Sold Last 30 Days 129 172 -25%
Absorption Rate 9.59 8.11As of December 14, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Nov 2010 VarAvailable 1,026 1,298 -20%
UC Last 30 Days 77 155 -50%
Sold Last 30 Days 137 140 -2%
Absorption Rate 13.32 8.37As of December 14, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Nov 2010 VarAvailable 1,450 1,950 -26%
UC Last 30 Days 331 345 -4%
Sold Last 30 Days 286 281 +2%
Absorption Rate 4.38 5.65As of December 14, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET
