September 2016

Springfield, VA 



The median sold price for Condo & Coop properties for September was $265,000, representing an increase of 12.9% compared to last month and an increase of 33.2% from Sep 2015. The average days on market for units sold in September was 22 days, 37% below the 5-year September average of 35 days. There was a 44.4% month over month increase in new contract activity with 13 New Pendings; a 27.3% MoM increase in All Pendings (new contracts + contracts carried over from August) to 14; and a 5.3% decrease in supply to 18 active units.







The median sold price for Attached/Townhouse properties for September was $389,750, representing a decrease of 1.8% compared to last month and an increase of 6.4% from Sep 2015. The average days on market for units sold in September was 20 days, 41% below the 5-year September average of 34 days. There was a 4.3% month over month decrease in new contract activity with 45 New Pendings; a 3.4% MoM decrease in All Pendings (new contracts + contracts carried over from August) to 56; and a 22.4% decrease in supply to 45 active units.








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