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May 2020 Regional Home Sales Compared to May 2019: Northern Virginia
Data from Bright MLS as of June 4, 2020; total sales and listings may not include garage/parking spaces.

The Northern Virginia Association of Realtors® reports on May 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 1,622 homes sold in May 2020, a 31.82% decrease below May 2019 home sales of 2,379.

Active listings decreased this month compared with 2019. Listings were down 31.87% below last year, with 1,984 active listings in May, compared with 2,912 homes available in May 2019. The average days on market for homes in May 2020 was 17 days, an increase of 6.25% compared to the 16 DOM for homes in May 2019.

New listings fell by about 35% in May compared to last year, to 2,174. There were 3,363 new listings in May of last year.

The average home sale price rose by 2.34% compared with last May, to $641,002. The May 2019 average sale price was $626,345.

The median sold price of homes this May, which was $580,000, rose by 4.93% percent compared to the median price of $552,750 in May 2019.