Today, let’s take a look at the latest market results from Stafford County, Virginia:
- 259 New Listings
- 159 Closed Sales
- 214 Pending Sales
- $240,500 Average Sale Price
- 70 Average DOM (Days on Market)
Generally, market activity in the Washington, DC suburbs greatly influences the Stafford County housing market. This is true now, as increased buyer activity has depleted inventory in Northern Virginia—resulting in a pick-up in Stafford, Fredericksburg and Spotsylvania.
Current figures further reflect this relationship, as inventory in Stafford County has seen a reduction of over 50% from last year, and an almost 30% rise in pending sales. Also, the average number of days that a house spends on the market has dropped from 132 at this time last year, to just 70 days in July 2009.
Both Stafford and Spotsylvania Counties are experiencing an increase in buyer activity, most likely motivated by the first-time buyer tax credit and low interest rates. Many of the more affordably-priced properties are generating multiple offers, and some are even selling over list price.
Stafford County Market Report compiled by Judi Jones, Managing Broker, Avery-Hess, Realtors
Search for Homes in Stafford County, Virginia: www.averyhess.com