Northern Virginia 2013 Home Sales Report

Julie BrodieNo CommentsBuyers, Market Reports, Sellers

    The average sales price for homes that went to closing across Northern Virginia’s inner and outer suburbs in 2013 stood at $476,913, an increase of 7.4 percent from the $444,103 reported a year ago, according to new figures.

    A total of 34,225 residential properties were sold across the region during the year, according to figures reported by RealEstate Business Intelligence (an arm of the local multiple-listing service).

That sales total was up 10.1 percent for the year from the 31,098 transactions reported in 2012. Year-over-year increases were reported every month except November.

Northern Virginia County Homes Sales for 2013

  • The market apex was reached in June, when 4,055 properties changed hands.
  • The lowest sales month was January, at 1,753 transactions.
  • Sales volume for the year stood at $16.32 billion, an increase of 18.2 percent from the $13.81 billion reported a year before, according to preliminary figures.

   The market recorded billion-dollar sales activity every month except for January, February and November, with the highest monthly volume of $2.04 billion reported in June. Year-over-year dollar volume was up – by double digits – every month except November, when it posted a decline.

**Figures represent sales in Arlington, Fairfax, Fauquier, Loudoun and Prince William counties and the cities of Alexandria, Fairfax, Falls Church, Manassas and Manassas Park.