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February 2020 Regional Home Sales Compared to February 2019: Northern Virginia
Data from Bright MLS as of March 5, 2020; total sales and listings may not include garage/parking spaces.
The Northern Virginia Association of Realtors® reports on February 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 1,193 homes sold in February 2020, a 4% increase above February 2019 home sales of 1,146.
Active listings decreased this month compared with 2019. Listings were down 10.27% below last year, with 1,695 active listings in February, compared with 1,889 homes available in February 2019. The average days on market (DOM) for homes in February 2020 was 26 days, a decrease of almost 28% compared to the 36 DOM for homes in February 2019.
New listings rose 12.22% in February, to 2,222, compared with 1,980 new listings in February of last year.
The average home sale price rose by 13.35% compared with last February, to $647,681. The February 2019 average sale price was $571,375.
The median sold price of homes this February, which was $560,000, rose by 10.89% percent compared to the median price of $505,000 in February 2019.