november 2016

DETACHED HOMES market update for Springfield, Burke, Annandale, and Lorton





Springfield, VA

The median sold price for Detached properties for September was $485,500, representing a decrease of 5.7% compared to last month and a decrease of 3.9% from Sep 2015.
The average days on market for units sold in September was 47 days, 18% above the 5-year September average of 40 days.
There was a 22.4% month over month decrease in new contract activity with 52 New Pendings; a 17.6% MoM decrease in All Pendings (new contracts + contracts carried over from August) to 70; and a 2.9% increase in supply to 142 active units. 

Browse Listings





Burke, VA

The median sold price for Detached properties for September was $582,500, representing a decrease of 3.3% compared to last month and an increase of 6.9% from Sep 2015.
The average days on market for units sold in September was 25 days, 27% below the 5-year September average of 34 days.
There was a 29.2% month over month decrease in new contract activity with 17 New Pendings; a 24.2% MoM decrease in All Pendings (new contracts + contracts carried over from August) to 25; and a 25.6% increase in supply to 49 active units. 

Browse Listings





Annandale, VA

The median sold price for Detached properties for September was $619,750, representing an increase of 10.7% compared to last month and an increase of 15.8% from Sep 2015.
The average days on market for units sold in September was 31 days, 29% below the 5-year September average of 44 days.
There was a 6.1% month over month decrease in new contract activity with 31 New Pendings; a 7.9% MoM increase in All Pendings (new contracts + contracts carried over from August) to 41; and a 2.4% increase in supply to 86 active units. 

Browse Listings





Lorton, VA

In Lorton, VA, the median sold price for Detached properties for September was $620,000, representing an increase of 4.2% compared to last month and a decrease of 4.6% from Sep 2015.
The average days on market for units sold in September was 113 days, 87% above the 5-year September average of 61 days.
There was a 15.4% month over month increase in new contract activity with 15 New Pendings; a 3.8% MoM decrease in All Pendings (new contracts + contracts carried over from August) to 25; and a 5.6% increase in supply to 95 active units. 

Browse Listings


Karrina Taylor Brown
Karrina Taylor Brown
Associate Broker
8442 Old Keene Mill Road Springfield VA 22152