Market Absorption Rates for the Northern Virginia & DC for June 2012

The real estate trend with declining inventory and increased sales continues in June for Northern Virginia. Closed sales were up 13.71% year over year and 7.25% month over month. Average sales price was up 1.32% while inventory and days on market continue to decline 28% and 10.64% respectively. Check out the latest market absorption for the Northern Virginia and DC markets.