February 2010 Market Statistics

Mar-11-2010 By Sarah Stelmok

Fredericksburg City:

  • 161 days on market – this is 5 days less more in February 2009
  • Sellers received, on average, 89.36% of their list price when the home sold
  • There is 15.4 months of inventory on the market
  • 11 homes sold in February 2010 – this is 1 less than in February 2009
  • The most popular price range was $150,000-$199,999 and $250,000-$299,999.   
  • The median sold price was $213,900, compared to $208,950 in February 2009
  • Financing Terms:  Conventional – 3, FHA – 3, VA – 1, Cash – 4

Orange County

  • 203 days on market – this is 8 days more than in February 2009
  • Sellers received, on average, 78.80% of their list price when the home sold
  • There is 24.3 months of inventory on the market
  • 15 homes sold in February 2010 – this is 8 less than February 2009
  • The most popular price ranges were $120,000-$139,999 and $300,000-$399,999.
  • The median sold price was $180,000, compared to $177,500 in February 2009 
  • Financing Terms:  Conventional – 2, FHA – 3, VA – 1, Assumption – 1, Cash – 5, Other – 3

Spotsylvania County

  • 66 days on market – this is 52 less than February 2009
  • Sellers received, on average, 93.07% of their list price when the home sold
  • There is 8.2 months inventory on the market
  • 103 homes sold in February 2010 – this is 2 less than in February 2009 
  • The most popular price range was $160,000-$179,999
  • The median sold price was $175,000, compared to $184,500 in February 2009 
  • Financing Terms:  Conventional – 26, FHA – 38, VA – 19, Cash – 15, Assumption – 5

Stafford County

  • 62 days on market – this is 58 less than February 2009
  • Sellers received, on average, 91.19% of their list price when the home sold
  • There is 8.1 months inventory on the market
  • 95 homes sold in February 2010 - this is 31 less than in February 2009 
  • The most popular price range was $300,000-$399,999
  • The median sold price was $235,000, compared to $220,000 in February 2009 
  • Financing Terms:  Conventional – 23, FHA – 15, VA – 34, Cash – 18, Assumption – 4, Other – 1

Prince William County

  • 44 days on market – this is 49 less than February 2009 
  • Sellers received, on average, 96.70% of their list price when the home sold
  • There is 6.49 months inventory on the market
  • 423 homes sold in February 2010 - this is 292 less than in February 2009
  • The most popular price range was $300,000-$399,999
  • The median sold price was $215,000, compared to $169,500 in February 2009
  • Financing Terms:  Conventional – 126, FHA – 150, VA – 63, Assumption – 7, Cash – 76, Other – 1

All data provided by MRIS.

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