Market Statistics June 2009

Jul-11-2009 By Sarah Stelmok

Fredericksburg City:

  • 106 days on market – this is 27 days less than in June 2008
  • Sellers received, on average, 86.36% of their list price when the home sold
  • There is 5.83 months of inventory on the market
  • 29 homes sold in June 2009 – this is 15 more than in June 2008
  • The most popular price range was under $100,000.   
  • The median sold price was $259,900, compared to $319,000 in June 2008
  • Financing Terms:  Conventional – 5, FHA – 7, VA – 6, Assumption – 2, Cash – 9

Orange County

  • 150 days on market – this is 78 days less than in June 2008
  • Sellers received, on average, 89.53% of their list price when the home sold
  • There is 12.94 months of inventory on the market
  • 34 homes sold in June 2009 – this is 14 more than in June 2008
  • The most popular price ranges were $200,000-$249,999
  • The median sold price was $212,500, compared to $226,000 in June 2008 
  • Financing Terms:  Conventional – 9, FHA – 10, VA – 3, Assumption – 5, Cash – 5, Seller Financing – 1, Other – 1

Spotsylvania County

  • 115 days on market – this is 23 less than June 2008 
  • Sellers received, on average, 89.15% of their list price when the home sold
  • There is 4.89 months inventory on the market
  • 190 homes sold in June 2009 – this is 40 more than in June 2008 
  • The most popular price range was $200,000-$249,999
  • The median sold price was $196,500, compared to $262,450 in June 2008 
  • Financing Terms:  Conventional – 42, FHA – 79, VA – 38, Assumption – 10, Cash – 20, Other – 1

Stafford County

  • 93 days on market – this is 17 less than June 2008 
  • Sellers received, on average, 92.05% of their list price when the home sold
  • There is 4.36 months inventory on the market
  • 186 homes sold in June 2009 - this is 33 more than in June 2008 
  • The most popular price range was $300,000-$399,999
  • The median sold price was $237,450, compared to $278,900 in June 2008 
  • Financing Terms:  Conventional – 33, FHA – 60, VA – 67, Assumption – 6, Cash – 20

Prince William County

  • 78 days on market – this is 44 less than June 2008 
  • Sellers received, on average, 93.15% of their list price when the home sold
  • There is 3.97 months inventory on the market
  • 795 homes sold in June 2009 - this is 181 less more than in June 2008
  • The most popular price range was $300,000-$399,999
  • The median sold price was $195,000, compared to $232,250 in June 2008
  • Financing Terms:  Conventional – 196, FHA – 295, VA – 123, Assumption – 32, Cash – 139, Other – 10

Statistics provided and calculated using data supplied by MRIS.

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