August 2009 Market Statistics
Fredericksburg City:
- 114 days on market – this is 6 days more than in August 2008
- Sellers received, on average, 92.0% of their list price when the home sold
- There is 12.77 months of inventory on the market
- 13 homes sold in July 2009 – this is 1 less than in August 2008
- The most popular price range was $300,000-$349,999.
- The median sold price was $230,000, compared to $306,200 in August 2008
- Financing Terms: Conventional – 3, FHA – 2, VA – 4, Assumption – 1, Cash – 3
Orange County
- 132 days on market – this is 26 days less than in August 2008
- Sellers received, on average, 87.81% of their list price when the home sold
- There is 10.05 months of inventory on the market
- 42 homes sold in August 2009 – this is 11 more than in August 2008
- The most popular price ranges were $200,000-$249,999
- The median sold price was $171,,250, compared to $215,000 in August 2008
- Financing Terms: Conventional – 9, FHA – 14, VA – 4, Assumption – 2, Cash – 12, Other – 1
Spotsylvania County
- 75 days on market – this is 42 less than August 2008
- Sellers received, on average, 94.64% of their list price when the home sold
- There is 6.43 months inventory on the market
- 146 homes sold in August 2009 – this is 9 less than in August 2008
- The most popular price range was $250,000-$299,999
- The median sold price was $190,500, compared to $241,900 in August 2008
- Financing Terms: Conventional – 32, FHA – 64, VA – 25, Assumption – 5, Cash – 20
Stafford County
- 79 days on market – this is 28 less than August 2008
- Sellers received, on average, 93.93% of their list price when the home sold
- There is 4.76 months inventory on the market
- 165 homes sold in August 2009 - this is 22 more than in August 2008
- The most popular price range was $300,000-$399,999
- The median sold price was $220,000, compared to $264,894 in August 2008
- Financing Terms: Conventional – 28, FHA – 58, VA – 50, Assumption – 6, Other – 2, Cash – 21
Prince William County
- 60 days on market – this is 51 less than August 2008
- Sellers received, on average, 96.14% of their list price when the home sold
- There is 3.92 months inventory on the market
- 758 homes sold in August 2009 - this is 242 less than in August 2008
- The most popular price range was $300,000-$399,999
- The median sold price was $215,000, compared to $205,600 in August 2008
- Financing Terms: Conventional – 185, FHA – 291, VA – 114, Assumption – 21, Cash – 140, Other – 7
Statistics provided and calculated using data supplied by MRIS.
