Springfield, VA Market Report – 6/11/13

11 Jun
June 11, 2013

The Springfield market is showing an active selling season despite all the rain we’ve been having.  You’ll notice property prices continue to rise and buyers are taking advantage of the lowest interest rates in years.  It’s the perfect storm, and clients are listening and taking advantage in the Springfield area.

Our future sellers will be happy to note that our average “days on market” came down to 15 days in May.  Homes are selling within days of coming on the market, some with multiple offers and going above asking price. 

  May 2013 May 2012 April 2013
Total Revenue $70,096,719.00 $45,317,345.00 $44,793,649.00
Average Sold Price $458,520.00 $389,293.00 $434,426.00
Units Sold 153 116 106
Average Days on Market 15 35 28
Active Listings 113 169 98
New Listings 183 149 180
New Pending Sales 169 148

164

Remember, it’s not too late to put your home on the market or look for that perfect home you’ve been waiting for as our summer market is heating up. While Interest rates have gone up recently ,they are still attractive and below 5.00%. 

Interested in selling your home?  Call us for a no obligation market analysis and see where you stand in today’s market.    Interested in buying? Don’t wait much longer as you may find yourself priced out of the market again.

Our agents at Avery-Hess, Realtors are experts in the field of real estate and we want to help. We’re available to answer any questions you may have so don’t hesitate to contact us.  Visit our website at www.AveryHess.com.     

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

Erica Higgins

Administrative Manager & Marketing Assistant at Avery-Hess, Realtors
Front Royal
Office: (540) 631-9009
Email: ehiggins@averyhess.com

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