| 2008 | 2007 | % Change | |
|---|---|---|---|
| Total Sold Dollar Volume: | $ 500,977,389 | $ 603,372,395 | - 16.97 % |
| Average Sold Price: | $ 466,894 | $ 528,347 | - 11.63 % |
| Median Sold Price: | $ 400,000 | $ 474,200 | - 15.65 % |
| Total Units Sold: | 1,073 | 1,142 | - 6.04 % |
| Average Days on Market: | 107 | 84 | 27.38 % |
| Average List Price for Solds: | $ 504,723 | $ 550,674 | - 8.34 % |
| Avg Sale Price as a percentage of Avg List Price: |
92.51 % | 95.95 % |
Tracking Market Trends in the Northern Virginia Real Estate Market from MARCH 2007 to SEPTEMBER 2007
Sales in Northern Virginia remain slow, but prices are stable with sales primarily in the new home and foreclosure market.
Alexandria City Real Estate SOLD prices 2007
The average SOLD price for homes in Old Town Alexandria in March 2007 was $525,355
The average SOLD price for homes in Old Town Alexandria in September 2007 was $483,467
Average Days on Market - 85
Arlington County Real Estate SOLD prices 2007
The average SOLD price for homes in Arlington County in March 2007 was $544,834
The average SOLD price for homes in Arlington County in September 2007 was $563,846
Average Days on Market - 69
Fairfax County Real Estate SOLD prices 2007
The average SOLD price for homes in Fairfax County in March 2007 was $529,382
The average SOLD price for homes in Fairfax County in September 2007 was $526,732
Average Days on Market - 89
Fauquier County Real Estate SOLD prices 2007
The average SOLD price for homes in Fauquier County in March 2007 was $369,565
The average SOLD price for homes in Fauquier County in September 2007 was $501,418
Average Days on Market - 192
King George County Real Estate SOLD prices 2007
The average SOLD price for homes in King George County in March 2007 was $347,389
The average SOLD price for homes in King George County in October 2007 was $308,464
Average Days on Market - 90
Loudoun County Real Estate SOLD prices 2007
The average SOLD price for homes in Loudoun County in March 2007 was $513,066
The average SOLD price for homes in Loudoun County in October 2007 was $536,883
Average Days on Market - 111
Prince William County Real Estate SOLD prices 2007
The average SOLD price for homes in Prince William County in March 2007 was $408,574
The average SOLD price for homes in Prince William County in October 2007 was $370,506
Average Days on Market - 127
Spotsylvania County Real Estate SOLD prices 2007
The average SOLD price for homes in Spotsylvania County in March 2007 was $314,696
The average SOLD price for homes in Spotsylvania County in October 2007 was $318,857
Average Days on Market - 125
Stafford County Real Estate SOLD prices 2007
The average SOLD price for homes in Stafford County in March 2007 was $383,899
The average SOLD price for homes in Stafford County in October 2007 was $397,342
Average Days on Market - 135
SEARCH LISTINGS for homes for sale in Northern Virginia. 
Courtesy: Homefinders.com
Lenn Harley, Broker, Homefinders.com, 800-711-7988
Homes similar to the one pictured are popular in Northern Virginia. The price would vary from $650,000 in Stafford County to $900,000 in Loudoun County and $2,000,000 in Fairfax County.
New Home builders have reduced priced dramatically and compete favorably with resale homes of similar location and size.
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