Springfield, VA Market Report – 10/2/12

02 Oct
October 2, 2012

If you’ve been following our area market reports, you’ll notice that revenue sales in zip codes 22151, 22152 and 22153 have gone up $6,727,450 since April 2012.  This shows we’ve been busy buying and selling homes this summer.

Sellers were pleasantly surprised to learn their homes were worth more than they had originally thought and that it didn’t take that long to sell (less than a month). Many got multiple offers because it looked good.    Buyers were happy because they bought while the market is ascending and the interest rate on their new loan is the lowest it has been in history.  It’s a pleasant surprise to learn your mortgage payment could be less than what you were paying for rent!

 

August  2012 August  2011 July 2012
Total Revenue $37,395,588 $37,085,900 $40,364,377
Median Sold Price $380,000.00 $377,500.00 $407,450.00
Units Sold 95 97 98
Average Days on Market 30 49 28
Active Listings 111 188 134
New Listings 95 104 97
New Pending Sales 112 81 97

It’s never too late to enter a real estate market like this.  Our housing inventory is low and demand is high.   If you’re planning on selling your home now is the time to get it move-in ready and on the market.  Call us if you need any help.

Our agents at Avery-Hess, Realtors are experts in the field of real estate and can help you whether you’re buying or want to sell.   Visit our website at www.AveryHess.com.

Information obtained from statistics supplied by Metropolitan Regional Information Systems, and analysis and comment by Pattie Mancini, Sales Manager, Avery Hess, Realtors, Springfield Office

 

 

Tags: , ,
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply