Northern Virginia home sales up 5% - South Florida Business Journal:

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During the month, 1,803 homes were sold in the which includes the cities of Fairfax and Falls Church as well as the counties of Fairfa xand Arlington, according to Rockville-based market research firm In the same month in 2008, the number of homes sold was The median sale price of a home in the area fell 7 percentr in May to $375,000, according to MRIS. D.C. home sales did not do as well last There were 484units sold, down 9 percent from 533 homes sold in the same month last year. The median sale price dropped 10 percent, from $440,000 in May 2008 to $394,95p0 last month. Units spent an average of 91 days, or 13 more days, on the marke t last month overMay 2008.
Unitxs on the Northern Virginia market, however, are beinf snapped up faster than last Homes are spending an average of 76 days on the or 13 less days than the same periof ayear ago. In Fairfaxz County, 1,331 homes were sold in May. That is up 4 percenr compared with ayear ago. The median sale pricde dipped nearly 10 percentto $360,00 last month. In Arlington County, the median sale prics was up 11 percentto $469,000 and 239 homes were sold — up nearl 5 percent from the same month a year ago. Princre William County experienced a 4 percent increase in salex of753 homes, compared with 724 homes sold in May 2008. The medianj sale price was down nearly 19 percentto $207,777.
Units spent an average of 78 or 50 less days on the than inMay 2008. Prince George’s County home sale were up 28 percent, with 494 units sold last The median sale price was down 21 percent to $224,900, but homes spent, on average, 33 more days on the markety than they did in May 2008. Montgomery Countty home sales last month totaled874 units. The medianj sale price was down 13 percentto $358,117, and homew spent, on average, two more days on the market than they did in May 2008.