Northern Virginia MarketWatch - January/February 2010
Average Number of Days on the Market
With an increased number of buyers and a drop in inventory, we have seen a bit of an increase in "urgency."
Homes priced less than $500,000 are selling in about half the time as they did this time last year, another indication that there has been significant improvement in the market.
Homes priced more than $1,000,000 have not seen much of an improvement in time on the market, since there is still plenty of inventory relative to demand.
