Northern Virginia 2013 Home Sales Report
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.
- 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.