For those of you following the Real Estate Market, I wanted to share the Real Estate Stats for June 2020 for Virginia. The inventory of available homes is low due to COVID-19; this is pushing sale prices in certain areas up.
NVAR Reports: “The Northern Virginia Association of Realtors® reports on June 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 2,015 homes sold in June 2020, a 13.67% decrease from June 2019 home sales of 2,334.
Active listings decreased this month compared with 2019. Listings were down 32.81% below last year, with 1,931 active listings in June, compared with 2,874 homes available in June 2019. The average days on market for homes in June 2020 was 18 days – the same number of days on market for homes in June 2019.
New listings rose by 1.51% in June compared to last year, to 2,628. There were 2,589 new listings in June of last year.
The average home sale price rose by 2.35% compared with last June, to $646,859. The June 2019 average sale price was $632,016.
The median sold price of homes this June, which was $595,000, rose by 5.28% compared to the median price of $565,155 in June 2019.”
Please email me if you have questions about the market – buying or selling. I am happy to answer any questions and provide you with a market evaluation of your home all complimentary.
You can email realestate@stylishpatina or call/text (703) 303-3700.
Real Estate Stats June 2020 in Virginia
