Fairlington VA Townhomes for Sale and Sold Report to May 31, 2017 shows Total Sold Dollar Volume of $4,155,800 representing an increase of 29% over the May 2016 figure of $3,222,100. The Month-over-Month figure is even more dramatic with April 2017 showing $1,236,900 compared to the May 2017 figure of $4,155,800, a 236% increase! The sellers’ market is raging on.
CLOSED SALES FOR ARLINGTON VA TOWNHOMES
There were nine (9) closed sales in May 2017 compared to April’s three (3), an increase of 200%.
MEDIAN PRICE FOR FAIRLINGTON VA TOWNHOMES
The median price of townhomes sold sold in May 2017 was $454,900, up 11.2% from the $409,000 April number.
FAIRLINGTON VA TOWNHOMES AVERAGE TIME TO SELL
It took an average of eleven (11) days to sell a home in May 2017, an increase of 37.5% over the eight (8) days that it took in April 2017.
TAKE AWAY FROM FAIRLINGTON VA TOWNHOMES FOR SALE AND SOLD MAY 2017 REPORT
By every measure, the sellers’ market continues. There is a mere 1.4 month’s supply of inventory. Average Sold Price increased by 14.65% while the Median Sold Price increased by 4.74% plus the huge plunge to a mere eleven (11) days on market compared to thirty-one (31) days last year, a 64.52% decrease.
FAIRLINGTON VA TOWNHOMES FOR SALE
Need to sell before buying your Fairlington VA townhome? Find out What Your Home is Worth here.
Contact Norma Skeete at 703-920-0003 if you are ready to buy or for any real estate need.