Tuesday, February 22, 2022   /   by Laura Larson

Market Update - February 2022

MARKET WATCH

In January, the median home price on Northern Virginia was $571,000, 3.16% vs December 2021.  New family home listings decreased by -23.49%.

Northern Virginia Key Data Points
Here are some key data points provided by Laura Larson - Larson Fine Properties.

Northern Virginia: Attached Homes – January & YTD

• January Median Sale Price $571,000, 3.16% vs. 1/21; YTD $553,500 vs. 2021.

• January Closed Sales 1,172,  vs. 1/21; YTD Closed Sales 1,368 vs. 2021.

• January Days on Market Until Sale 35, 40%  vs. 1/21; YTD 25  vs. 2021.

Northern Virginia: Condominium – January & YTD

•  January Median Sale Price $571,000, 3.16% vs. 1/21; YTD $553,500 vs. 2021.

• January Closed Sales 432,  vs. 1/21; YTD Closed Sales 458 vs. 2020.

• January Days on Market Until Sale 35, 40%  vs. 1/21; YTD 25  vs. 2021.