Homes continue to sell quickly throughout Northern Virginia, according to July data, with houses selling in a little more than one month, on average. Fairfax County experienced the shortest marketing time with an average days on market (DOM) of 34 days. Loudoun County had the highest DOM in the region—still relatively low at only 42 days.
In July, active inventory levels continued to fall throughout the Northern Virginia region compared to the same month last year. Alexandria City experienced the largest year-over-year decrease with inventory down 39 percent, with the number of active units at just 390 for the city. Prince William County inventory decreased 36 percent year-over-year. Arlington and Fairfax counties experienced decreases of 30 percent and 33 percent, respectively, and Loudoun County saw a 24 percent decrease, according to data.
Pasquali Realty Group is an incorporated business that is a subsidiary under NBI Realty, and is currently licensed in both Virginia, and Washington, DC. They are a member of the National Board of Realtors(NAR), Virginia Board of Realtors(VAR), and Northern Virginia Board of Realtors(NVAR).
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebNorthernVirginia/RealEstate/prweb9852333.htm