Share on Facebook
Share on Twitter
E-mail this article
Leave a Comment
Print this Article

Northern Virginia homesellers can take comfort in the saying that it doesn't matter where you're at, it matters where you're going.

Compared with the sales for January, the February market appears headed in the right direction.

Following a double-digit drop in January to 15.12 percent, as compared with the same month last year, the February sales slid by a relatively modest 5.48 percent. This was indicated in the Northern Virginia Association of Realtors monthly report for the region that includes Fairfax County, Alexandria and Arlington.

Single-family home sales showed the only gains for the region, at 5.74 percent with 442 units sold.

That was followed by condos, with a 5.03 percent dip to 321.

Townhouses fared the worst, as they sank by 20.63 percent to 254.

The average number of days on the market increased by 42.59 percent to 77.

The median sales price also increased, by 4.14 percent to $374,900.

On a positive note, the total number of unsold homes fell by 4.12 percent to 3,495.

Single-family homes

lead county

In Fairfax County taken alone, single-family homes made an even more impressive showing.

Their sales rose by 26 percent to 402. At the same time, their median sales price slid by 1 percent to $483,000.

Condo sales also showed a double-digit increase, boosting 12 percent to 190.

The median sales price showed a sharper decrease, 20 percent to $176,500.

Only townhouse sales stayed in negative territory with a 13 percent drop to 209. Their median sales price fell by 2 percent, to $317,500.