|
October 2010 Real Estate Market Update
|
|
Things You Should Know |
|
A total of 1,229 homes sold in October 2010, a decrease of about 23 percent below October 2009 home sales of 1,604.
Active listings increased by about 5 percent this month compared to last year, with 7,244 active listings in October, compared with 6,877 homes available in October 2009. The average days on market (DOM) for homes in October 2010 increased by about 5 percent to 61 days, compared with 58 days in October 2009.
Average sales prices rose by about 11 percent compared with those realized last year. The average sales price this October was $470,882, compared with last October's average of $424,510.
The median price of homes sold in Northern Virginia in October was $399,400, which is an increase of around 12 percent compared with October 2009's median price of $356,800. The number of pending home sales in Northern Virginia in October decreased by about 20 percent with 1,601 sales pending compared to 1,990 in October 2009. |
|
Things To Be Thankful For |
|
Although this is a few days late, I hope you enjoyed a wonderful Thanksgiving with family and friends. I have been fortunate to have great clients and friends - thank you for all of your support and business this year.
On Thanksgiving, I was surprised to learn that I was named to Realtor.com(R) Blogs Top 100 Real Estate Influencers. Both shocked and flattered, I attribute my success to your support...so thank you from the bottom of my heart! |
