Market Watch Video For Northern Virginia Real Estate

Market Watch Video For Northern Virginia Real Estate

The Northern Virginia Association of Realtors reports on October 2010 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 1,229 homes sold in October 2010, a decrease of about 23 percent below October 2009 home sales of 1,604.

Active listings increased by about 5 percent this month compared to last year, with 7,244 active listings in October, compared with 6,877 homes available in October 2009. The average days on market (DOM) for homes in October 2010 increased by about 5 percent to 61 days, compared with 58 days in October 2009.

Average sales prices rose by about 11 percent compared with those realized last year. The average sales price this October was $470,882, compared with last October's average of $424,510.

The median price of homes sold in Northern Virginia in October was $399,400, which is an increase of around 12 percent compared with October 2009's median price of $356,800. The number of pending home sales in Northern Virginia in October decreased by about 20 percent with 1,601 sales pending compared to 1,990 in October 2009.

Northern Virginia video is about 2 minutes long and reviews basic real estate market statistics about the region including Alexandria VA. You can watch the video at http://www.rbintel.com/vidembed/Northern-VA/

If you would like to view a detailed market statistic report for the city of Alexandria, please visithttp://alexandriarealestatemarket.com/marketreport

Summary: Free real estate article and video provide current market and economic statistics for Northern Virginia and what is expected in the near future.

Keywords: alexandria va real estate,alexandria va homes,alexandria va property,alexandria va houses,alexandria va condos,virginia,for sale

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