March 2010 Market Statistics

Apr-13-2010 By Sarah Stelmok

Fredericksburg City:

  • 67 days on market – this is 15 days more than in March 2009
  • Sellers received, on average, 87.02% of their list price when the home sold
  • There is 13.07 months of inventory on the market
  • 13 homes sold in March 2010 – this is 1 less than in March 2009
  • The most popular price range was $200,000-$249,999.   
  • The median sold price was $218,750, compared to $185,000 in March 2009
  • Financing Terms:  Conventional – 3, FHA – 3, VA – 3, Cash – 3, Assumption 1

Orange County

  • 89 days on market – this is 48 days less than in March 2009
  • Sellers received, on average, 90.74% of their list price when the home sold
  • There is 11.48 months of inventory on the market
  • 33 homes sold in March 2010 – this is 8 more than March 2009
  • The most popular price ranges were $200,000-$249,999.
  • The median sold price was $197,500, compared to $149,000 in March 2009 
  • Financing Terms:  Conventional – 10, FHA – 6, VA – 4, Assumption – 2, Cash – 10, Other – 1

Spotsylvania County

  • 77 days on market – this is 46 less than March 2009
  • Sellers received, on average, 92.79% of their list price when the home sold
  • There is 5.94 months inventory on the market
  • 153 homes sold in March 2010 – this is 2 more than in March 2009 
  • The most popular price range was $200,000-$249,999
  • The median sold price was $185,000, compared to $188,000 in March 2009 
  • Financing Terms:  Conventional – 29, FHA – 60, VA – 27, Cash – 27, Assumption – 5, Other – 5

Stafford County

  • 79 days on market – this is 32 less than March 2009
  • Sellers received, on average, 92.09% of their list price when the home sold
  • There is 7.36 months inventory on the market
  • 116 homes sold in March 2010 - this is 22 less than in March 2009 
  • The most popular price range was $200,000-$249,999
  • The median sold price was $226,889, compared to $229,900 in March 2009 
  • Financing Terms:  Conventional – 22, FHA – 30, VA – 44, Cash – 12, Assumption – 5, Other – 3

Prince William County

  • 44 days on market – this is 55 less than March 2009 
  • Sellers received, on average, 96.18% of their list price when the home sold
  • There is 4.53 months inventory on the market
  • 641 homes sold in March 2010 - this is 244 less than in March 2009
  • The most popular price range was $300,000-$399,999
  • The median sold price was $230,000, compared to $167,900 in March 2009
  • Financing Terms:  Conventional – 142, FHA – 275, VA – 94, Assumption – 38, Cash – 89, Other – 3

All data provided by MRIS.

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