[New post] Home Sale Statistics in Northern Virginia – January 2022
The Belt Team posted: " The January number are in and they reveal what you are seeing (or not seeing) in the market...a dearth of new For Sale listing signs. New listings in January were down significantly compared to 2021 and prices continued upwards. We are experiencing"
The January number are in and they reveal what you are seeing (or not seeing) in the market...a dearth of new For Sale listing signs. New listings in January were down significantly compared to 2021 and prices continued upwards. We are experiencing one of the most challenging markets for buyers to find home in history. Many sellers do not want to put their home on the market before they know they have found their next home, but can't buy without selling first. Quite a dilemma. But...there are solutions!
Then be sure to take a look at all the January 2022 housing market stats for Northern Virginia and some of our hyper local markets at the bottom of the page.
Please reach out to talk if you find yourself in this situation and learn how to have success in this challenging market. It is VERY important to work with an experienced agent that will provide you with the data you need to make good decisions to help you be successful in this type of market. (703) 242-3975 | Info@TheBeltTeam.com | or fill out our Contact Us form
Northern Virginia January 2022 home sales:
• 393 homes went under contract in Alexandria. This is down 12% from the same time period in 2021.
• 38% of the homes went to settlement in January 2022, sold in 10 days or less from when they hit the market.
• Average sold price was $584,219 (down 3% from the same time period in 2021 when it was $599,929).
• 392 homes came on the market. That's down 16% from the number in January 2021.
• Homes that sold (closed) averaged 33 dayson market, 9 days slower than in January of 2021.
• There is a 0.3 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Alexandria – and 187 Alexandria homes for sale (townhouse, condo and single-family).
OVERALL: Alexandria remained a Seller's Market. Lots more of the same from 2021…very LOW inventory in the area remained an issue and average home prices continued to rise.
In the $1 Million and above price point, and under $1 Million, the months supply of homes sits at 1.0 and 0.4 respectively. Both segments are in aggressive Seller's Markets. If the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced "competitively".
To see what the conditions are like in your community, click on the link to your desired city below!
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