Fairlington VA Townhomes for Sale and Sold Report for September shows a decrease of 53.1% for Sold Dollar Volume over September 2015 of $611,900 versus $1,305,000. Month-to-month there was an even sharper decrease of 79.5% represented by August’s 2016 $2,977,000 volume and September 2016 of $611,900. This is signifying a shift from the sellers market to a buyers market.
Closed Sales of Fairlington VA Townhomes
There were two (2) closed sales in September 2016 compared to August’s seven (7) a decrease of 71.43%.
Median Price of Fairlington VA Townhomes
The median price of townhomes sold in September 2016 was $305,950 down from $445,000 in August , a 31.3% decrease.
Fairlington VA Townhomes Average Time to Sell
Whereas it took an average of twenty-four (24) days to sell a home in September 2016 , it had taken an average of fifty-one (51) days to sell in August, a change of 52.9% .
|Total Sold Dollar Volume||611,900||-53..1%||-79.5%|
|Median Sold Price||$305,950||– 33.5%||-31.3%|
|Average Sold Price||$305,950||-29.7%||-28.1%|
|Median Days on Market||24 days||+33.3%||-51.0%|
|Average Days on Market||24 days||+20.0%||-52.9%|
|Median Price per Sq Foot||$386||-16.1%||-17.3%|
|Average Price per Sq Foot||$386||-4.9%||-13.5%|
Fairlington VA Townhomes September 2016 Report Takeaway
Despite the fact that there is only a 1.8% months’ supply of homes on the market and it took only twenty-four (24) days to sell, one cannot overlook the precipitous September decline in market activity, both year over year and month over month. Should this continue, then there will be no doubt that a major slow down is underway, partly seasonal and perhaps the effect of the election jitters and its uncertainty on the market.
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.