January 2020 Regional Home Sales Compared to January 2019: Northern Virginia Data from Bright MLS as of February 8, 2020;
*total sales and listings may not include garage/parking spaces.
The Northern Virginia Association of Realtors® reports on January 2020 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 1,065 homes sold in January 2020, a 5.5% decrease below January 2019 home sales of 1,127.
Active listings decreased this month compared with 2019. Listings were down about 15.5% below last year, with 1,479 active listings in January, compared with 1,750 homes available in January 2019. The average days on market (DOM) for homes in January 2020 was 33 days, a decrease of 25% compared to the 44 DOM for homes in January 2019.
The average home sale price rose by 13.72% compared with last January, to $642,565. The January 2019 average sale price was $565,032.
The median sold price of homes this January, which was $520,000, rose by 5.05% percent compared to the median price of $495,000 in January 2019.