Burke, VA (PRWEB) December 30, 2014
Pasquali Realty Group, a Northern Virginia real estate company, states that according to the latest reports gathered from home transactions throughout the region, homes continued to sell at a steady pace in November, and many parts of the region enjoyed rising median sale prices. The Northern Virginia market includes the city of Alexandria, and Arlington, Fairfax, Loundoun and Prince William counties.
In Northern Virginia, the real estate market saw increases in median sale prices in most areas when compared to November 2013, including an 18 percent jump in Arlington County. Prince William County saw median sale price rise by 4 percent, and Fairfax County experienced a 3 percent increase. The median sale price dropped by 1 percent in Loudoun County and by 4 percent in Alexandria City.
Homes have continued to sell quickly throughout Northern Virginia, according to November data. In Alexandria City, the average days on market (DOM) was 39 days, followed by Arlington County with a DOM of 40 days. Fairfax County experienced an average DOM of 44 days, while Loudoun and Prince William counties followed with DOMs of 49 days and 52 days, respectively.
The number of units sold increased slightly in Arlington County, but all other parts of the region experienced declines, ranging from 3 percent to 16 percent. Inventory increased throughout the region, with Loudoun County seeing the largest jump at 35 percent. Arlington County followed with a 24 percent increase in inventory.
Pasquali Realty Group is an incorporated business that is a subsidiary under NBI Realty, and is currently licensed in both Virginia, and Washington, DC. They are a member of the National Board of Realtors(NAR), Virginia Board of Realtors(VAR), and Northern Virginia Board of Realtors(NVAR).