Fairlington VA Townhomes for Sale and Sold Report to July 31, 2017 shows Total Sold Dollar Volume of $4,600,200 representing an increase of 77.7% over the June 2016 figure of $2,588,750. Month-over-Month, however, there was a 19.07% increase in this figure from $3,863,400 in June 2017 to $4,600,200 in July 2017. The sellers’ market continues with a mere 1.2 months supply.
CLOSED SALES FOR ARLINGTON VA TOWNHOMES
There were ten (10) closed sales in July 2017 compared to June’s eight (8), an increase of 25%.
MEDIAN PRICE FOR FAIRLINGTON VA TOWNHOMES
The median price of townhomes sold sold in July 2017 was $466,200, up 1.5% from the $459,500 June number.
FAIRLINGTON VA TOWNHOMES
AVERAGE TIME TO SELL
It took an average of twenty-six (26) days to sell a home in July 2017, an increase of 271.4% over the seven (7) days that it took in June 2017.
TAKE AWAY FROM FAIRLINGTON VA TOWNHOMES FOR SALE AND SOLD JULY 2017 REPORT
The sellers’ market continues even though inventory creeped up a bit to 1.2 month’s supply from the previous month’s 0.8% supply. Average Sold Price decreased by 4.7% while the Median Sold Price increased by 1.5% with the days on market increasing from seven (7) days to twenty-six (26) days representing an increase of 271.4% month-to-month and a year-to-year increase of 18.2%.
FAIRLINGTON VA TOWNHOMES FOR SALE
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Contact Norma Skeete at 703-920-0003 if you are ready to buy or for any real estate need.