Market Statistics July 2009
Fredericksburg City:
- 64 days on market – this is 107 days less than in July 2008
- Sellers received, on average, 89.65% of their list price when the home sold
- There is 7.48 months of inventory on the market
- 23 homes sold in July 2009 – this is 1 more than in July 2008
- The most popular price range was under $100,000 and $300,000-$349,999.
- The median sold price was $218,000, compared to $317,950 in July 2008
- Financing Terms: Conventional – 9, FHA – 5, VA – 2, Assumption – 1, Cash – 6
Orange County
- 155 days on market – this is 10 days less than in July 2008
- Sellers received, on average, 87.73% of their list price when the home sold
- There is 11.97 months of inventory on the market
- 36 homes sold in July 2009 – this is 10 more than in July 2008
- The most popular price ranges were $200,000-$249,999
- The median sold price was $209,000, compared to $202,950 in July 2008
- Financing Terms: Conventional – 13, FHA – 11, VA – 1, Assumption – 2, Cash – 6, Seller Financing – 1, Other – 2
Spotsylvania County
- 99 days on market – this is 44 less than July 2008
- Sellers received, on average, 89.72% of their list price when the home sold
- There is 5.80 months inventory on the market
- 162 homes sold in July 2009 – this is 28 more than in July 2008
- The most popular price range was $250,000-$299,999
- The median sold price was $218,450, compared to $252,500 in July 2008
- Financing Terms: Conventional – 47, FHA – 54, VA – 29, Assumption – 8, Cash – 21, Other – 3
Stafford County
- 74 days on market – this is 61 less than July 2008
- Sellers received, on average, 94.32% of their list price when the home sold
- There is 5.06 months inventory on the market
- 156 homes sold in July 2009 - this is 13 more than in July 2008
- The most popular price range was $300,000-$399,999
- The median sold price was $238,250, compared to $290,000 in July 2008
- Financing Terms: Conventional – 48, FHA – 42, VA – 37, Assumption – 11, Cash – 18
Prince William County
- 61 days on market – this is 51 less than July 2008
- Sellers received, on average, 94.83% of their list price when the home sold
- There is 3.93 months inventory on the market
- 787 homes sold in July 2009 - this is 225 less than in July 2008
- The most popular price range was $300,000-$399,999
- The median sold price was $200,000, compared to $214,000 in July 2008
- Financing Terms: Conventional – 181, FHA – 299, VA – 129, Assumption – 37, Cash – 133, Other – 7, Seller - 1
Statistics provided and calculated using data supplied by MRIS.
