November '08 Stats

For the month of November 2008, the trends were fairly consistent with previous months. In Fairfax County area, Average Sold Price from 2007 was down about 18% to $423,088 but good news is Total Homes Sold were up just over 3% and Days on Market were down about 8% to 91 days. In Loudoun County, Average Sold Price was $355,235 which was down 28.5% but Total Homes Sold were up just over 11% and Days on Market down almost 16% from the previous year. Interest rates are at historic lows, prices have dropped and the trends & stats prove to be very favorable for buyers.