Number of Homes Currently for Sale as of today, November 10th, 2013
Single family, detached - 24
Condos - 0
Townhouses – 4
In September…
Number of Closed Sales
Single family, detached - 11
Condos - 0
Townhouses - 3
Median Sale Price
Single family, detached - $385,000
Condos – n/a
Townhouses – $465,000
Average Number of Days on the Market
Single family, detached - 33
Condos – n/a
Townhouses – 14
Number of Sales Currently Pending
Single family, detached - 22
Condos - 0
Townhouses – 6
Average Sale Price for Homes in Springfield, VA 22150
Detached homes – $388,909
Attached homes – $446,650
Average List Price for Homes
$405,174
Average Sale Price to List Price Ratio
97.4%
Absorption Rate as of today, November 10th, 2013
Single family, detached – 2.18 months
Condos – n/a
Townhouses – 1.33 months
When looking at the absorption rate, keep in mind that the definition of a balanced market is 5-7 months of inventory. Less than 5 months is considered a seller’s market and more than 7 months is considered a buyer’s market.
Townhouse and single family detached home sales in Springfield, 22150 are in seller’s markets, as indicated by the low levels of inventory.
Home sellers in Springfield, 22150 are in a position to benefit from the low inventory. If you’d like a free comparative market analysis, call me on my cell phone at 703-462-0700. This will give you a better idea of what your Springfield home is worth, and will help you decide if it is a good time to sell.
Springfield home buyers should find a great buyer agent to help them navigate this competitive buyer environment. I’m an experienced buyer agent who grew up in Northern Virginia and knows the Springfield real estate market very well. It would be my pleasure to go to work for you to find you a great home!
To learn more about Springfield home market statistics, visit my blog: http://northernvirginiahomepro.com/springfield-22150-home-market-report-for-september-2013/
To search online for Springfield homes, visit my website: http://www.searchnorthernvarealestate.com/
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