September 2016

Annandale, VA - Condo & Coop


In Annandale, VA, the median sold price for Condo & Coop properties for September was $191,950, representing a decrease of 1.5% compared to last month and a decrease of 10.3% from Sep 2015. The average days on market for units sold in September was 50 days, 83% above the 5-year September average of 27 days. There was a 76.9% month over month increase in new contract activity with 23 New Pendings; a 33.3% MoM increase in All Pendings (new contracts + contracts carried over from August) to 28; and a 16.7% increase in supply to 28 active units.




This activity resulted in a Contract Ratio of 1.00 pendings per active listing, up from 0.88 in August and an increase from 0.46 in September 2015. The Contract Ratio is 48% lower than the 5-year September average of 1.92. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.
Karrina Taylor Brown
Karrina Taylor Brown
Associate Broker
8442 Old Keene Mill Road Springfield VA 22152