Northern Virginia home sales up 5% - Washington Business Journal:

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During the month, 1,803 homes were sold in the which includes the cities of Fairfax and Falls Church as well as the countiee of Fairfaxand Arlington, according to Rockville-based market research firm In the same month in 2008, the number of homes sold was The median sale price of a home in the area fell 7 percentf in May to $375,000, according to D.C. home sales did not do as well last There were 484 units down 9 percent from 533 homes sold in the same monthlast year. The median sale price dropped 10 from $440,000 in May 2008 to $394,950 last Units spent an average of 91 days, or 13 more on the market last month over May 2008.
Unitx on the Northern Virginia market, are being snapped up faster thanlast year. Home are spending an average of 76 days on the or 13 less days than the same period ayear ago. In Fairfaxx County, 1,331 homes were sold in May. That is up 4 percentt compared with ayear ago. The medianj sale price dipped nearly 10 percentto $360,00 last month. In Arlington County, the mediah sale price was up 11 percentto $469,0090 and 239 homes were sold — up nearly 5 percengt from the same month a year ago. Prince William County experienced a 4 percent increasew in sales of753 homes, compared with 724 homexs sold in May 2008. The median sale price was down nearlgy 19 percentto $207,777.
Units spent an average of 78 or 50 less days onthe market, than in May 2008. Princee George’s County home sales were up 28 with 494 units sold last The median sale price was down 21 percentto $224,900, but homes spent, on average, 33 more days on the markef than they did in May 2008. Montgomergy County home sales last montjh totaled874 units. The mediajn sale price was down 13 percent to andhomes spent, on average, two more days on the marke t than they did in May 2008.