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February 15, 2010

Home Sales Data for 2009 Now Released by MRIS- Avg. Prices Decline by 6.25% with 20,404 Transactions

The Metropolitan Regional Information Systems, Inc. (MRIS) released data recently for final statistics on property sales for the calendar year 2009.

In the Northern Virginia area (not including Loudoun County, nor Prince William County), the average sales price was $431,622 (2009) versus $460,392 (in 2008); the median numbers: $370,000 (2009) versus $385,000 (2008). 

Total transfers in 2009 were 20,404, an increase of 1806 over 2009 transfers.

Properties financed by conventional loans were 10,293; FHA: 5924; VA: 1593.  The number of buyers who paid in cash were 2182.  

Final 2009 Northern Virginia Area Home Sales Report

Posted at 11:48 AM in Current Real Estate News |

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