The Northern Virginia Association of Realtors® reports on April 2019 home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton.
A total of 2,157 homes sold in April 2019, an increase of 3.75 percent above April 2018 home sales of 2,079.
Active listings decreased this month compared with 2018. Listings were down by about 26 percent below last year, with 2,505 active listings in April, compared with 3,396 homes available in April 2018. The average DOM for homes in April was 30 days, a decrease of about 35 percent compared to the 46 DOM for homes in April 2018.
The average home sale price rose by 5.97 percent compared with last April, to $621,069. The April 2018 average price was $586,058.
The median sold price of homes this April, which was $560,000, rose by 6.67 percent compared to the median price of $525,000 in April 2018.
Read more about the NVAR region housing market in GMU-CRA Market Metrics articles published in NVAR’s RE+VIEW magazine, found at NVAR.com/review.