Great Falls, VA, 22066
September Market Update!
So this month, I am going to present my market update in a little bit of a different fashion! This one is going to cut right to the statistics that you want to know! There is a market report at the bottom as well! Leave me comments to let me know what you think of the new format for the market update!
There were 37 new listings that hit the market in September! This is slightly above the 5-year average for September, which is 34. This shows us that people aren't letting the coming fall and winter months deter them from selling!
The graph above shows all closed sales, pending sales, and active listings for the past 6 months. We are coming out of one of the hottest summers in the last 5 years, so naturally things will slow down a bit but this slight decrease is very common this time of year. People are still writing contracts and closing on homes though!September 2013 saw 18 new homes go under contract (new pendings), this is a 20% increase over September 2012!
The Guage above represents the Average sold to Original List Price Ratio. This September, homes sold with an average of 92% of Original list price. Although a very minor increase, this is higher than the 5-year average.
Finally! Let's talk about the prices!! The Median Sold Price in September was $1,135,000, so although the number of units shifting has slightly decreased, prices have remained consistent as the summer heat has worn off!
The Great Falls, Virginia market has a lot of inventory but the prices are remaining steady. Buyers are still out there and sellers are still hitting the market. It's still a great time to buy in Great Falls! The interest rates are still historically low, get in touch with us TODAY to take advantage of them!Click here to see everything active in Great Falls, Virginia in different price points!
Another full market report is below!