December 2012 Market Absorption Rates for Northern Virginia and Washington DC
May Absorption for Northern Virginia Areas
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Transcript of May Absorption for Northern Virginia Areas
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Market Absorption
Virginia
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Local Market UpdateMay 2011
Northern Virginia Available UC Abs Rate
< $100,000 38 14 2.71
$100,000–$199,999 211 164 1.28
$200,000-$299,999 564 261 2.16
$300,000-$399,999 789 313 2.52
$400,000-$499,999 693 272 2.54
$500,000-$599,999 662 212 3.12
$600,000-$699,999 434 137 3.16Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. June 16, 2011
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Local Market UpdateMay 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 362 138 2.62
$800,000-$899,999 255 67 3.80
$900,000-$999,999 167 27 6.18
$1M -$1.49M 413 62 6.66
$1.5M -2.49 253 17 14.88
$2.5 million + 138 4 34.50
Overall 4,979 1,688 2.94Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. June 16, 2011
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No VA Stats
Avg. SP- +5.4%
Units Sold- -20.69%
DOM- +43.59% to 56 days
Source: MRIS, Inc. June 16, 2011
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Local Market UpdateMay 2011
PW & Loudoun Available UC Abs Rate
< $100,000 19 13 1.46
$100,000–$199,999 211 222 .95
$200,000-$299,999 532 266 2.00
$300,000-$399,999 629 211 2.98
$400,000-$499,999 539 149 3.61
$500,000-$599,999 474 74 6.40
$600,000-$699,999 269 55 4.89Source: MRIS, Inc. June 16, 2011
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Local Market UpdateMay 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 145 26 5.57
$800,000-$899,999 119 14 8.50
$900,000-$999,999 54 13 4.15
$1M -$1.49M 111 5 22.20
$1.5M -2.49 58 1 58.00
$2.5 million + 30 0 0
Overall 3,190 1,049 3.04Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. June 16, 2011
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Local Market Update
No. VA Current May 2010 VarAvailable 4,997 5,085 -2%
UC Last 30 Days 1,691 1,684 +.4%
Sold Last 30 Days 1,700 2,048 -17%
Absorption Rate 2.95 3.02As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Co. Current May 2010 VarAvailable 3,523 3,549 -.7%
UC Last 30 Days 1,260 1,231 +2.3%
Sold Last 30 Days 1,226 1,486 -17%
Absorption Rate 2.79 2.88As of June 16, 2011
SELLERS
MARKET
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Fairfax Co. Stats
Avg. SP- +7.2%
Units Sold- -18.44%
DOM- +34.21% to 51days
Source: MRIS, Inc. June 16, 2011
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Local Market Update
Alexandria City Current May 2010 VarAvailable 617 626 -1.4%
UC Last 30 Days 169 183 -7.6%
Sold Last 30 Days 204 222 -8.1%
Absorption Rate 3.65 3.42As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Arlington Co. Current May 2010 VarAvailable 712 791 -9.9%
UC Last 30 Days 216 228 -5.2%
Sold Last 30 Days 221 294 -25%
Absorption Rate 3.29 3.46As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Current May 2010 VarAvailable 380 455 -17%
UC Last 30 Days 148 169 -12%
Sold Last 30 Days 149 209 -29%
Absorption Rate 2.56 2.69As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Station Current May 2010 VarAvailable 85 70 +21%
UC Last 30 Days 18 16 +13%
Sold Last 30 Days 12 12 0%
Absorption Rate 4.72 4.38As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Clifton Current May 2010 VarAvailable 88 72 +22%
UC Last 30 Days 24 12 +100%
Sold Last 30 Days 15 14 +7%
Absorption Rate 3.66 6.00As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Herndon Current May 2010 VarAvailable 175 171 +2.3%
UC Last 30 Days 76 79 -4%
Sold Last 30 Days 75 105 -29%
Absorption Rate 2.30 2.16As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Sterling Current May 2010 VarAvailable 196 231 -15%
UC Last 30 Days 111 91 +22%
Sold Last 30 Days 120 140 -14%
Absorption Rate 1.76 2.54As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Vienna/ Oakton Current May 2010 VarAvailable 318 334 -4.7%
UC Last 30 Days 107 136 -21%
Sold Last 30 Days 111 147 -24%
Absorption Rate 2.97 2.45As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Ashburn Current May 2010 VarAvailable 355 317 +12%
UC Last 30 Days 115 101 +14%
Sold Last 30 Days 96 142 -32%
Absorption Rate 3.08 3.13As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Reston Current May 2010 VarAvailable 179 258 -31%
UC Last 30 Days 84 102 -18%
Sold Last 30 Days 91 118 -23%
Absorption Rate 2.13 2.52As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Centreville Current May 2010 VarAvailable 159 160 -.6%
UC Last 30 Days 107 70 +53%
Sold Last 30 Days 93 130 -28%
Absorption Rate 1.48 2.28As of June 16, 2011
SELLERS
MARKET
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Local Market Update
DC Current May 2010 VarAvailable 2,439 2,695 -9%
UC Last 30 Days 532 545 -2.3%
Sold Last 30 Days 629 711 -12%
Absorption Rate 4.58 4.94As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Prince William Current May 2010 VarAvailable 1,499 1,402 +7%
UC Last 30 Days 594 560 +6%
Sold Last 30 Days 527 698 -24%
Absorption Rate 2.52 2.50As of June 16, 2011
SELLERS
MARKET
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Local Market Update
Loudoun Co. Current May 2010 VarAvailable 1,691 1,625 +4%
UC Last 30 Days 455 392 +16%
Sold Last 30 Days 416 530 -21%
Absorption Rate 3.71 4.14As of June 16, 2011
SELLERS
MARKET
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Local Market Update
GPAAR Current May 2010 VarAvailable 1,510 1,411 +7%
UC Last 30 Days 176 151 +16%
Sold Last 30 Days 150 165 -9%
Absorption Rate 8.57 8.55As of June 16, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
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Local Market Update
BRAR Current May 2010 VarAvailable 1,212 1,332 -9%
UC Last 30 Days 163 160 +2%
Sold Last 30 Days 182 200 -9%
Absorption Rate 7.43 8.32As of June 16, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
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Local Market Update
FAAR Current May 2010 VarAvailable 1,798 1,968 -9%
UC Last 30 Days 430 352 +22%
Sold Last 30 Days 378 387 -2.3%
Absorption Rate 4.18 5.59As of June 16, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET