November 2009 Market Statistics

Fredericksburg City:

• 116 days on market – this is 52 days less than in November 2008
• Sellers received, on average, 87.9% of their list price when the home sold
• There is 5.93 months of inventory on the market
• 27 homes sold in November 2009 – this is 16 more than in November 2008
• The most popular price range was $200,000-$249,999.   
• The median sold price was $242,800, compared to $94,900 in November 2008
• Financing Terms:  Conventional – 9, FHA – 10, VA – 3, Cash – 4, Assumption – 1

Orange County

• 198 days on market – this is 57 days more than in November 2008
• Sellers received, on average, 90.30% of their list price when the home sold
• There is 11.5 months of inventory on the market
• 33 homes sold in November 2009 – this is 12 more than in November 2008
• The most popular price ranges were $200,000-$249,999.
• The median sold price was $175,000, compared to $208,900 in November 2008 
• Financing Terms:  Conventional – 7, FHA – 12, VA – 1, Assumption – 3, Cash – 9, Other – 1

Spotsylvania County

• 83 days on market – this is 37 less than November 2008 
• Sellers received, on average, 94.16% of their list price when the home sold
• There is 7.58 months inventory on the market
• 116 homes sold in November 2009 – this is 4 more than in November 2008 
• The most popular price range was $200,000-$249,999
• The median sold price was $193,525, compared to $219,841 in November 2008 
• Financing Terms:  Conventional – 29, FHA – 42, VA – 19, Cash – 12, Other Financing – 3

Stafford County

• 80 days on market – this is 35 less than November 2008 
• Sellers received, on average, 93.66% of their list price when the home sold
• There is 6.33 months inventory on the market
• 123 homes sold in November 2009 - this is 6 more than in November 2008 
• The most popular price range was $200,000-$249,999
• The median sold price was $203,000, compared to $220,000 in November 2008 
• Financing Terms:  Conventional – 19, FHA – 49, VA – 38, Cash – 13, Other – 1, Assumption – 3

Prince William County

• 44 days on market – this is 62 less than November 2008 
• Sellers received, on average, 96.74% of their list price when the home sold
• There is 4.21 months inventory on the market
• 651 homes sold in November 2009 - this is 208 less than in November 2008
• The most popular price range was $200,000-$249,999
• The median sold price was $213,000, compared to $175,900 in November 2008
• Financing Terms:  Conventional – 158, FHA – 245, VA – 106, Assumption – 25, Cash – 111, Other – 6

Tags: 2008, Market Statistics, november