NVAR Market Statistics, July 2019 vs. July 2018*
July 2019 Northern Virginia Region Home Sales Compared to July 2018
Data as of August 6, 2019
A total of 2,233 homes sold in July 2019, an increase of 0.90 percent above July 2018 home sales of 2,213.
Active listings decreased this month compared with 2018. Listings were down by about 31 percent below last year, with 2,630 active listings in July, compared with 3,837 homes available in July 2018. The average days on market (DOM) for homes in July was 32 days, a decrease of 34.69 percent compared to the 49 DOM for homes in July 2018.
The average home sale price rose by 1.58 percent compared with last July, to $619,082. The July 2018 average price was $609,460.
The median sold price of homes this July, which was $542,750, rose by 1.45 percent compared to the median price of $535,000 in July 2018.
Read more about the NVAR region housing market in GMU-CRA Market Metrics articles published in NVAR’s RE+VIEW magazine, found at NVAR.com/review.
*Northern Virginia Association of Realtors with data provided by George Mason University’s Center for Regional Analysis and Bright MLS. Released August 6, 2019, Retrieved October 18, 2019 <https://www.nvar.com/realtors/news/market-statistics/market-statistics-july-2019>