January 2021 saw more than 2,000 closed sales of homes across Washington, DC and Northern VA. Homes that sold were on the market a bit longer than in previous months, but that’s normal for January closings.
As a whole, sale prices in Washington, DC this past January remained very close to their original list prices (99.8% of list). For much of 2020, this percentage was at or above 100%, but we’re still very close to that level.
Homes sold in Arlington were on the market for nearly three weeks, up from less than one week for much of 2020. It’s a notable shift, but it’s not uncommon during December and January.
In Alexandria, this past January had fewer closings than December, and the homes sold were on the market a bit longer. However, neither change was as dramatic as in Arlington.
FALLS CHURCH, VA
Only 9 closed sales?! That’s actually normal for such a small area. In fact, it’s more than double the number of sales (4) in Falls Church in January 2020!
With 1,026 closed sales in January, Fairfax had fewer than normal but more than Arlington, Alexandria, Falls Church, and Prince William combined.
PRINCE WILLIAM, VA
Despite being further from DC, Prince William remained highly competitive in January, with most homes on the market for only a week and most sale prices higher than the original list price.
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