Market Absorption
Virginia
Local Market UpdateSeptember 2010
Northern Virginia Available UC Abs Rate
< $100,000 57 36 1.58
$100,000–$199,999 392 173 2.26
$200,000-$299,999 738 275 2.68
$300,000-$399,999 958 271 3.53
$400,000-$499,999 758 196 3.86
$500,000-$599,999 555 142 3.90
$600,000-$699,999 419 87 4.81Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. 10/11/2010
Local Market UpdateSeptember 2010
Northern Virginia Available UC Abs Rate
$700,000-$799,999 317 53 5.98
$800,000-$899,999 272 35 7.77
$900,000-$999,999 183 22 8.31
$1M -$1.49M 396 37 10.70
$1.5M -2.49 244 17 14.35
$2.5 million + 109 5 21.80
Overall 5,398 1,349 4.00Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. 10/11/2010
No VA Stats
Avg. SP- +8.49%
Units Sold- -21.44%
DOM- -14.29% to 54 days
Local Market UpdateSeptember 2010
Greater NVA Available UC Abs Rate
< $100,000 78 55 1.32
$100,000–$199,999 801 391 3.50
$200,000-$299,999 1,456 529 2.70
$300,000-$399,999 1,631 444 3.51
$400,000-$499,999 1,282 283 4.54
$500,000-$599,999 941 192 4.97
$600,000-$699,999 642 114 5.3Source: MRIS, Inc.; Greater Northern Virginia is comprised of the Counties of Arlington, Fairfax, Loudoun &
Prince William; and the Cities of Alexandria, Fairfax & Falls Church. 10/11/2010
Local Market UpdateSeptember 2010
Greater NVA Available UC Abs Rate
$700,000-$799,999 452 63 5.83
$800,000-$899,999 369 42 8.22
$900,000-$999,999 250 28 12.40
$1M -$1.49M 514 40 11.37
$1.5M -2.49 299 19 23.92
$2.5 million + 147 5 78.00
Overall 8,862 2,205 4.02Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. 10 /11/2010
Local Market Update
No. VA Current Sept 2009 VarAvailable 5,338 6,889 -22%
UC Last 30 Days 1,350 2,012 -33%
Sold Last 30 Days 1,341 1,684 -20%
Absorption Rate 3.95 3.42As of October 11, 2010
SELLERS
MARKET
Local Market Update
Fairfax Co. Current Sept 2009 VarAvailable 3,741 5,124 -27%
UC Last 30 Days 1,030 1,491 -31%
Sold Last 30 Days 1,015 1,269 -20%
Absorption Rate 3.63 3.43As of October 11, 2010
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +9.01%
Units Sold- -21.28%
DOM- -16.13% to 52 days
Local Market Update
Alexandria City Current Sept 2009 VarAvailable 753 709 +6%
UC Last 30 Days 125 210 -40%
Sold Last 30 Days 117 152 -23%
Absorption Rate 6.02 3.37As of October 11, 2010
Local Market Update
Arlington Co. Current Sept 2009 VarAvailable 764 907 -16%
UC Last 30 Days 165 265 -38%
Sold Last 30 Days 175 221 -21%
Absorption Rate 4.63 3.42As of October 11, 2010
Local Market Update
Great Falls Current Sept 2009 VarAvailable 167 186 -10%
UC Last 30 Days 14 23 -39%
Sold Last 30 Days 19 20 -5%
Absorption Rate 11.92 8.08As of October 11, 2010
Local Market Update
McLean Current Sept 2009 VarAvailable 308 387 -20%
UC Last 30 Days 44 59 -25%
Sold Last 30 Days 38 65 -42%
Absorption Rate 7.00 6.55As of October 11, 2010
Local Market Update
Sterling Current Sept 2009 VarAvailable 275 443 -38%
UC Last 30 Days 99 178 -44%
Sold Last 30 Days 107 132 -19%
Absorption Rate 2.77 2.48As of October 11, 2010
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current Sept 2009 VarAvailable 363 402 -9.7%
UC Last 30 Days 70 113 -38%
Sold Last 30 Days 76 77 -1%
Absorption Rate 5.18 3.55As of October 11, 2010
Local Market Update
Ashburn Current Sept 2009 VarAvailable 358 404 -11%
UC Last 30 Days 97 114 -15%
Sold Last 30 Days 89 97 -8%
Absorption Rate 3.69 3.54As of October 11, 2010
SELLERS
MARKET
Local Market Update
Reston Current Sept 2009 VarAvailable 124 200 -38%
UC Last 30 Days 39 72 -46%
Sold Last 30 Days 48 43 +12%
Absorption Rate 3.17 2.77As of October 11, 2010
SELLERS
MARKET
Local Market Update
DC Current Sept 2009 VarAvailable 2,816 3,241 -13%
UC Last 30 Days 519 722 -28%
Sold Last 30 Days 481 552 -13%
Absorption Rate 5.42 4.48As of October 11, 2010
Local Market Update
Prince William Current Sept 2009 VarAvailable 1,702 2,635 -35%
UC Last 30 Days 497 858 -42%
Sold Last 30 Days 482 588 -18%
Absorption Rate 3.42 3.07As of October 11, 2010
SELLERS
MARKET
Local Market Update
Loudoun Co. Current Sept 2009 VarAvailable 1,760 2,109 -16%
UC Last 30 Days 358 527 -32%
Sold Last 30 Days 384 426 -9.8%
Absorption Rate 4.91 4.00As of October 11, 2010
Local Market Update
GPAAR Current Sept 2009 VarAvailable 1,552 1,724 -10%
UC Last 30 Days 174 248 -29%
Sold Last 30 Days 195 168 +16%
Absorption Rate 8.91 6.95As of October 11, 2010
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current Sept 2009 VarAvailable 1,397 1,544 -9.5%
UC Last 30 Days 163 208 -21%
Sold Last 30 Days 173 165 +5%
Absorption Rate 8.57 7.42As of October 11, 2010
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current Sept 2009 VarAvailable 2,089 2,427 -14%
UC Last 30 Days 363 465 -22%
Sold Last 30 Days 347 354 -2%
Absorption Rate 5.75 5.21As of October 11, 2010
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
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