October was none too shabby.  Low interest rates are fueling the market right now.  It will be interesting to see what happens to the market as banks release more of their foreclosure inventory.  The REO properties are coming.  The market inventory should increase after the holidays and we could see prices dip to stay competitive.  We are definitely not out of the woods yet and should expect at least another 4 cycles of foreclosures before we can see teh hint of light at the end of the tunnel.   

Fredericksburg City

• 79 days on market – this is 38 days less than in October 2010
• Sellers received, on average, 90.5% of their list price when the home sold
• There is 5.8 months of inventory on the market
• 18 homes sold in October 2011 – this is 3 more than October 2010.
• The most popular price range was $200,000-$299,999.
• The median sold price was $210,250, compared to $219,000 in October 2010.
• Financing Terms:  Conventional – 4, FHA – 2, VA – 4, Cash – 7, Other – 1

Orange County

• 121 days on market – this is 33 days more than in October 2010
• Sellers received, on average, 91.1% of their list price when the home sold
• There is 12.84 months of inventory on the market
• 25 homes sold in October 2011 – this is 5 more than in October 2010
• The most popular price ranges were $150,000-$199,999.
• The median sold price was $153,000, compared to $183,255 in October 2010 
• Financing Terms:  Conventional – 3, FHA – 8, VA –2, Cash –8, Other – 4

Spotsylvania County

• 82 days on market – this is 15 more than October 2010
• Sellers received, on average, 92.8% of their list price when the home sold
• There is 4.87 months inventory on the market
• 126 homes sold in October 2011 – this is 5 less than in October 2010 
• The most popular price range was $150,000-$199,999
• The median sold price was $178,000, compared to $184000 in October 2010 
• Financing Terms:  Conventional – 32, FHA – 36, VA – 24, Cash – 25, Other – 9

Stafford County

• 63 days on market – this is 7 less than October 2010
• Sellers received, on average, 95.3% of their list price when the home sold
• There is 4.04 months inventory on the market
• 123 homes sold in October 2011 - this is 9 more than in October 2010 
• The most popular price range was $200,000-$299,999
• The median sold price was $246,000, compared to $263,550 in October 2010 
• Financing Terms:  Conventional – 28, FHA – 31, VA – 43, Cash – 17, Other – 4

Prince William County

• 54 days on market – this is 11 more than October 2010 
• Sellers received, on average, 96.4% of their list price when the home sold
• There is 3.58 months inventory on the market
• 394 homes sold in October 2011 - this is 53 less than in October 2010
• The most popular price range was $200,000-$299,999
• The median sold price was $244,500, compared to $250,000 in October 2010
• Financing Terms:  Conventional – 101, FHA – 153, VA – 77, Cash – 56, Other – 7

Caroline County

• 121 days on market – this is 33 more than October 2010 
• Sellers received, on average, 89.1% of their list price when the home sold
• There is 6.25 months inventory on the market
• 32 homes sold in October 2011 - this is 2 less than in October 2010
• The most popular price range was under $100,000-$149,999
• The median sold price was $137,500, compared to $150,950 in October 2010
• Financing Terms:  Conventional – 12, FHA –10, VA – 2, Cash – 4, Other – 4

All data provided by MRIS.

I’m giving August a thumbs-up, but barely… just barely.  Inventory is pretty low, which is actually a good thing as we head into the fall selling season.  However, rumor has it that banks are releasing a new wave of REO properties in the next month or two.  This should create longer days on market and more months’ inventory.  Unfortunately, sales price ratios will most likely also see a decline.  Those pesky banks!   

Fredericksburg City:

• 84 days on market – this is 67 days less than in August 2010
• Sellers received, on average, 98.5% of their list price when the home sold
• There is 5.8 months of inventory on the market
• 20 homes sold in August 2011 – this is 4 more than August 2010.
• The most popular price range was $200,000-$299,999.
• The median sold price was $220,000, compared to $283,500 in August 2010.
• Financing Terms:  Conventional – 8, FHA – 5, VA – 3, Cash – 2

Orange County

• 116 days on market – this is 31 days less than in August 2010
• Sellers received, on average, 89.5% of their list price when the home sold
• There is 7.95 months of inventory on the market
• 41 homes sold in August 2011 – this is 10 more than in August 2010
• The most popular price ranges were $100,000-$149,999.
• The median sold price was $150,000, compared to $160,000 in August 2010 
• Financing Terms:  Conventional – 16, FHA – 6, VA –1, Cash –14, Other – 4

Spotsylvania County

• 75 days on market – this is 20 more than August 2010
• Sellers received, on average, 93.8% of their list price when the home sold
• There is 4.19 months inventory on the market
• 157 homes sold in August 2011 – this is 20 more than in August 2010 
• The most popular price range was $200,000-$299,999
• The median sold price was $187,000, compared to $200,000 in August 2010 
• Financing Terms:  Conventional – 38, FHA – 41, VA – 40, Cash – 32, Other – 6

Stafford County

• 66 days on market – this is 5 more than August 2010
• Sellers received, on average, 95.3% of their list price when the home sold
• There is 4.7 months inventory on the market
• 120 homes sold in August 2011 - this is 43 less than in August 2010 
• The most popular price range was $200,000-$299,999
• The median sold price was $225,000, compared to $249,625 in August 2010 
• Financing Terms:  Conventional – 31, FHA – 30, VA – 41, Cash – 17, Other – 1

Prince William County

• 53 days on market – this is 10 more than August 2010 
• Sellers received, on average, 96.8% of their list price when the home sold
• There is 3.10 months inventory on the market
• 498 homes sold in August 2011 - this is 89 less than in August 2010
• The most popular price range was $200,000-$299,999
• The median sold price was $277,500, compared to $265,000 in August 2010
• Financing Terms:  Conventional – 156, FHA – 143, VA – 116, Cash – 74, Other – 9

Caroline County

• 95 days on market – this is 2 more than August 2010 
• Sellers received, on average, 88.7% of their list price when the home sold
• There is 5.78 months inventory on the market
• 33 homes sold in August 2011 - this is 10 more than in August 2010
• The most popular price range was under $100,000-$149,999
• The median sold price was $110,000, compared to $150,000 in August 2010
• Financing Terms:  Conventional – 7, FHA –11, VA – 3, Cash – 7

All data provided by MRIS.

A Positive Month for the Market

Fredericksburg City:

• 57 days on market – this is 78 days less than in July 2010
• Sellers received, on average, 92.5% of their list price when the home sold
• There is 6.76 months of inventory on the market
• 17 homes sold in July 2011 – this is the same as July 2010
• The most popular price range was $200,000-$299,999.
• The median sold price was $265,000, compared to $283,250 in July 2010.
• Financing Terms:  Conventional – 6, FHA – 2, VA – 3, Cash – 5, Other – 1

Orange County

• 169 days on market – this is 81 days more than in July 2010
• Sellers received, on average, 85.7% of their list price when the home sold
• There is 9.2 months of inventory on the market
• 35 homes sold in July 2011 – this is 8 more than in July 2010
• The most popular price ranges were $100,000-$199,999.
• The median sold price was $145,000, compared to $163,000 in July 2010 
• Financing Terms:  Conventional – 7, FHA – 8, VA –8, Cash –9, Other – 3

Spotsylvania County

• 93 days on market – this is 25 more than July 2010
• Sellers received, on average, 94% of their list price when the home sold
• There is 4.51 months inventory on the market
• 148 homes sold in July 2011 – this is 15 more than in July 2010 
• The most popular price range was $200,000-$299,999
• The median sold price was $195,450, compared to $199,900 in July 2010 
• Financing Terms:  Conventional – 31, FHA – 45, VA – 39, Cash – 27

Stafford County

• 57 days on market – this is 2 less than July 2010
• Sellers received, on average, 95% of their list price when the home sold
• There is 3.71 months inventory on the market
• 157 homes sold in July 2011 - this is 11 less than in July 2010 
• The most popular price range was $200,000-$299,999
• The median sold price was $245,000, compared to $242,500 in July 2010 
• Financing Terms:  Conventional – 39, FHA – 35, VA – 61, Cash – 16

Prince William County

• 47 days on market – this is 8 more than July 2010 
• Sellers received, on average, 96.8% of their list price when the home sold
• There is 2.79 months inventory on the market
• 558 homes sold in July 2011 - this is 17 less than in July 2010
• The most popular price range was $200,000-$299,999
• The median sold price was $260,000, compared to $251,000 in July 2010
• Financing Terms:  Conventional – 161, FHA – 211, VA – 115, Cash – 64, Other – 6, Seller Financing – 1

Caroline County

• 98 days on market – this is 20 more than July 2010 
• Sellers received, on average, 89.6% of their list price when the home sold
• There is 6.93 months inventory on the market
• 28 homes sold in July 2011 - this is 3 less than in July 2010
• The most popular price range was under $200,000-$299,999
• The median sold price was $158,500, compared to $126,000 in July 2010
• Financing Terms:  Conventional – 6, FHA –8, VA – 4, Cash – 6, Other – 4

All data provided by MRIS.

Fredericksburg City:

• 71 days on market – this is 4 days less than in June 2010
• Sellers received, on average, 91.5% of their list price when the home sold
• There is 5.54 months of inventory on the market
• 22 homes sold in June 2011 – this is 1 less in June 2010
• The most popular price range was $200,000-$299,999.
• The median sold price was $208,950, compared to $250,000 in June 2010.
• Financing Terms:  Conventional – 12, FHA – 7, Cash – 1, Other – 2

Orange County

• 106 days on market – this is 28 days more than in June 2010
• Sellers received, on average, 86.2% of their list price when the home sold
• There is 13.12 months of inventory on the market
• 25 homes sold in June 2011 – this is 22 less than in June 2010
• The most popular price ranges were $150,000-$199,999.
• The median sold price was $159,000, compared to $175,000 in April 2010 
• Financing Terms:  Conventional – 8, FHA – 3, VA –5, Cash –8, Other – 1

Spotsylvania County

• 91 days on market – this is 14 more than June 2010
• Sellers received, on average, 92.3% of their list price when the home sold
• There is 3.99 months inventory on the market
• 172 homes sold in June 2011 – this is 41 less than in June 2010 
• The most popular price range was $200,000-$299,999
• The median sold price was $195,000, compared to $190,000 in June 2010 
• Financing Terms:  Conventional – 48, FHA – 50, VA – 34, Cash – 32, Other – 8

Stafford County

• 63 days on market – this is 5 more than June 2010
• Sellers received, on average, 94.7% of their list price when the home sold
• There is 2.95 months inventory on the market
• 201 homes sold in June 2011 - this is 25 less than in June 2010 
• The most popular price range was $200,000-$299,999
• The median sold price was $251,000, compared to $268,450 in June 2010 
• Financing Terms:  Conventional – 29, FHA – 41, VA – 100, Cash – 24, Other – 7

Prince William County

• 49 days on market – this is 16 more than June 2010 
• Sellers received, on average, 96% of their list price when the home sold
• There is 2.64 months inventory on the market
• 559 homes sold in June 2011 - this is 225 less than in June 2010
• The most popular price range was $200,000-$299,999
• The median sold price was $272,000, compared to $267,120 in June 2010
• Financing Terms:  Conventional – 155, FHA – 189, VA – 134, Cash – 69, Other – 12

Caroline County

• 106 days on market – this is 28 more than June 2010 
• Sellers received, on average, 86.3% of their list price when the home sold
• There is 6.43 months inventory on the market
• 37 homes sold in June 2011 - this is 6 less than in June 2010
• The most popular price range was under $50,000-$149,999
• The median sold price was $119,900, compared to $149,900 in June 2010
• Financing Terms:  Conventional – 8, FHA –10, VA – 7, Cash – 8, Other – 4

All data provided by MRIS.

Fredericksburg City:

• 89 days on market – this is 26 days less than in April 2010
• Sellers received, on average, 91.3% of their list price when the home sold
• There is 5.12 months of inventory on the market
• 25 homes sold in April 2011 – this is 6 more in April 2010
• The most popular price range was $50,000-$99,999.
• The median sold price was $205,000, compared to $218,000 in April 2010.
• Financing Terms:  Conventional – 7, FHA – 5, VA – 1, Cash – 12

Orange County

• 151 days on market – this is 9 days less than in April 2010
• Sellers received, on average, 87.6% of their list price when the home sold
• There is 9.55 months of inventory on the market
• 33 homes sold in April 2011 – this is the same as April 2010
• The most popular price ranges were $150,000-$199,999.
• The median sold price was $159,000, compared to $175,000 in April 2010 
• Financing Terms:  Conventional – 9, FHA – 9, VA –9, Cash –8, Other – 3, Seller Financing – 1

Spotsylvania County

• 101 days on market – this is 37 more than April 2010
• Sellers received, on average, 91% of their list price when the home sold
• There is 4.84 months inventory on the market
• 146 homes sold in April 2011 – this is 20 less than in April 2010 
• The most popular price range was $100,000-$149,999
• The median sold price was $169,250, compared to $189,105 in April 2010 
• Financing Terms:  Conventional – 28, FHA – 48, VA – 33, Cash – 30, Other – 7

Stafford County

• 85 days on market – this is 11 more than April 2010
• Sellers received, on average, 93.3% of their list price when the home sold
• There is 4.28 months inventory on the market
• 136 homes sold in April 2011 - this is 37 less than in April 2010 
• The most popular price range was $200,000-$299,999
• The median sold price was $224,950, compared to $237,500 in April 2010 
• Financing Terms:  Conventional – 21, FHA – 30, VA – 64, Cash – 20, Other – 1

Prince William County

• 54 days on market – this is 14 more than April 2010 
• Sellers received, on average, 96.9% of their list price when the home sold
• There is 3.19 months inventory on the market
• 473 homes sold in April 2011 - this is 224 less than in April 2010
• The most popular price range was $200,000-$299,999
• The median sold price was $250,000, compared to $242,300 in April 2010
• Financing Terms:  Conventional – 134, FHA – 163, VA – 99, Cash – 66, Other – 11

Caroline County

• 141 days on market – this is 86 more than April 2010 
• Sellers received, on average, 81.6% of their list price when the home sold
• There is 8.45 months inventory on the market
• 29 homes sold in April 2011 - this is 3 less than in April 2010
• The most popular price range was under $50,000-$99,999
• The median sold price was $106,100, compared to $180,638 in April 2010
• Financing Terms:  Conventional – 3, FHA –12, VA – 2, Cash – 10, Other – 2

All data provided by MRIS.

Fredericksburg City:

• 45 days on market – this is 17 days less than in March 2010
• Sellers received, on average, 94.1% of their list price when the home sold
• There is 5.45 months of inventory on the market
• 22 homes sold in March 2011 – this is 6 more in March 2010
• The most popular price range was $50,000-$99,999.
• The median sold price was $127,450, compared to $219,425 in March 2010.
• Financing Terms:  Conventional – 5, FHA – 6, VA – 2, Cash – 9

Orange County

• 178 days on market – this is 86 days more than in March 2010
• Sellers received, on average, 88.5% of their list price when the home sold
• There is 9.26 months of inventory on the market
• 30 homes sold in March 2011 – this is 5 less than March 2010
• The most popular price ranges were $150,000-$199,999.
• The median sold price was $185,200, compared to $197,500 in March 2010 
• Financing Terms:  Conventional – 11, FHA – 10, VA – 5, Cash – 2, Other – 2

Spotsylvania County

• 90 days on market – this is 15 more than March 2010
• Sellers received, on average, 92.3% of their list price when the home sold
• There is 5.13 months inventory on the market
• 135 homes sold in March 2011 – this is 28 less than in March 2010 
• The most popular price range was $150,000-$199,999
• The median sold price was $185,200, compared to $197,500 in March 2010 
• Financing Terms:  Conventional – 11, FHA – 10, VA – 5, Cash – 2, Other – 2

Stafford County

• 74 days on market – this is 3 less than March 2010
• Sellers received, on average, 92.5% of their list price when the home sold
• There is 3.81 months inventory on the market
• 143 homes sold in March 2011 - this is 14 more than in March 2010 
• The most popular price range was $200,000-$299,999
• The median sold price was $210,000, compared to $229,945 in March 2010 
• Financing Terms:  Conventional – 28, FHA – 29, VA – 56, Cash – 28, Other – 2

Prince William County

• 59 days on market – this is 13 more than March 2010 
• Sellers received, on average, 96.6% of their list price when the home sold
• There is 2.78 months inventory on the market
• 484 homes sold in March 2011 - this is 116 less than in March 2010
• The most popular price range was $200,000-$299,999
• The median sold price was $225,000, compared to $240,104 in March 2010
• Financing Terms:  Conventional – 126, FHA – 192, VA – 78, Cash – 80, Other – 7, Assumption – 1

Caroline County

• 97 days on market – this is 13 less than March 2010 
• Sellers received, on average, 88.4% of their list price when the home sold
• There is 11.48 months inventory on the market
• 23 homes sold in March 2011 - this is 5 less than in March 2010
• The most popular price range was under $100,000-$149,999
• The median sold price was $122,000, compared to $151,000 in March 2010
• Financing Terms:  Conventional – 3, FHA –8, VA – 5, Cash – 6, Other – 1

All data provided by MRIS.

Fredericksburg City:

• 47 days on market – this is 103 days less than in February 2010
• Sellers received, on average, 87.8% of their list price when the home sold
• There is 9.54 months of inventory on the market
• 13 homes sold in February 2011 – this is 1 more in February 2010
• The most popular price range was $50,000-$149,999 and $200,000-$299,999.
• The median sold price was $155,000, compared to $217,450 in February 2010.
• Financing Terms:  Conventional – 3, FHA – 2, VA – 1, Cash – 7

Orange County

• 122 days on market – this is 48 days less than in February 2010
• Sellers received, on average, 92.9% of their list price when the home sold
• There is 11.04 months of inventory on the market
• 23 homes sold in February 2011 – this is 4 more than February 2010
• The most popular price ranges were $150,000-$199,999.
• The median sold price was $110,000, compared to $156,300 in February 2010 
• Financing Terms:  Conventional – 1, FHA – 3, VA – 1, Cash – 10, Other – 4

Spotsylvania County

• 78 days on market – this is 12 more than February 2010
• Sellers received, on average, 91.5% of their list price when the home sold
• There is 6.85 months inventory on the market
• 101 homes sold in February 2011 – this is 9 less than in February 2010 
• The most popular price range was $100,000-$149,999
• The median sold price was $165,150, compared to $175,000 in February 2010 
• Financing Terms:  Conventional – 20, FHA – 35, VA – 18, Cash – 24, Other – 3, Seller Financing – 1

Stafford County

• 84 days on market – this is 21 more than February 2010
• Sellers received, on average, 89.8% of their list price when the home sold
• There is 4.48 months inventory on the market
• 119 homes sold in February 2011 - this is 22 more than in February 2010 
• The most popular price range was $200,000-$299,999
• The median sold price was $191,000, compared to $235,000 in February 2010 
• Financing Terms:  Conventional – 23, FHA – 30, VA – 36, Cash – 28

Prince William County

• 59 days on market – this is 17 more than February 2010 
• Sellers received, on average, 96.9% of their list price when the home sold
• There is 3.6 months inventory on the market
• 358 homes sold in February 2011 - this is 61 less than in February 2010
• The most popular price range was $200,000-$299,999
• The median sold price was $228,925, compared to $227,000 in February 2010
• Financing Terms:  Conventional – 104, FHA – 131, VA – 49, Cash – 65, Other – 9

Caroline County

• 121 days on market – this is 38 more than February 2010 
• Sellers received, on average, 87.2% of their list price when the home sold
• There is 13.58 months inventory on the market
• 19 homes sold in February 2011 - this is 7 less than in February 2010
• The most popular price range was under $50,000-$99,999
• The median sold price was $110,000, compared to $156,300 in February 2010
• Financing Terms:  Conventional – 1, FHA –3, VA – 1, Cash – 10, Other – 4

All data provided by MRIS.

Fredericksburg City:

• 94 days on market – this is 36 days more than in December 2009
• Sellers received, on average, 89.61% of their list price when the home sold
• There is 11.23 months of inventory on the market
• 13 homes sold in December 2010 – this is 5 less in December 2009
• The most popular price range was $250,000-$299,999.   
• The median sold price was $265,000, compared to $251,756 in December 2009
• Financing Terms:  Conventional – 3, FHA – 2, VA – 5, Cash – 3

Orange County

• 106 days on market – this is 51 days less than in December 2009
• Sellers received, on average, 90.5% of their list price when the home sold
• There is 10.31 months of inventory on the market
• 29 homes sold in December 2010 – this is 6 more than December 2009
• The most popular price ranges were $150,000-$199,999.
• The median sold price was $170,000, compared to $143,900 in December 2009 
• Financing Terms:  Conventional – 8, FHA – 9, VA – 2, Cash – 4, Other – 3

Spotsylvania County

• 86 days on market – this is 11 less than December 2009
• Sellers received, on average, 90.72% of their list price when the home sold
• There is 8.8 months inventory on the market
• 103 homes sold in December 2010 – this is 27 less than in December 2009 
• The most popular price range was $100,000-$149,999
• The median sold price was $182,000, compared to $188,250 in December 2009 
• Financing Terms:  Conventional – 17, FHA – 39, VA – 24, Cash – 18, Assumption – 3, Other – 1, Seller Financing – 1

Stafford County

• 77 days on market – this is 14 more than December 2009
• Sellers received, on average, 92.9% of their list price when the home sold
• There is 7.32 months inventory on the market
• 111 homes sold in December 2010 - this is 5 less than in December 2009 
• The most popular price range was $250,000-$299,999
• The median sold price was $245,000, compared to $229,950 in December 2009 
• Financing Terms:  Conventional – 20, FHA – 25, VA – 46, Cash – 16, Assumption – 2, Other – 1

Prince William County

• 50 days on market – this is 15 more than December 2009 
• Sellers received, on average, 95.7% of their list price when the home sold
• There is 4.96 months inventory on the market
• 449 homes sold in December 2010 - this is 61 less than in December 2009
• The most popular price range was $150,000-$199,999
• The median sold price was $235,750, compared to $235,000 in December 2009
• Financing Terms:  Conventional – 124, FHA – 183, VA – 75, Assumption – 7, Cash – 55, Other – 2, Seller Financing – 1

Caroline County

• 123 days on market – this is 52 more than December 2009 
• Sellers received, on average, 84.2% of their list price when the home sold
• There is 13.04 months inventory on the market
• 23 homes sold in December 2010 - this is 9 less than in December 2009
• The most popular price range was under $100,000
• The median sold price was $115,000, compared to $160,000 in December 2009
• Financing Terms:  Conventional – 5, FHA –3, VA – 4, Cash – 7, Other – 2

All data provided by MRIS.

Fredericksburg City:

• 59 days on market – this is 74 days less than in September 2009
• Sellers received, on average, 92.95% of their list price when the home sold
• There is 7.29 months of inventory on the market
• 21 homes sold in September 2010 – this is 2 more in September 2009
• The most popular price range was $250,000-$299,999.   
• The median sold price was $270,000, compared to $250,000 in September 2009
• Financing Terms:  Conventional – 8, FHA – 6, VA – 4, Cash – 2, Assumption – 1

Orange County

• 183 days on market – this is 69 days more than in September 2009
• Sellers received, on average, 88.4% of their list price when the home sold
• There is 9.18 months of inventory on the market
• 39 homes sold in September 2010 – this is 7 less than September 2009
• The most popular price ranges were $150,000-$199,999.
• The median sold price was $189,000, compared to $159,000 in September 2009 
• Financing Terms:  Conventional – 17, FHA – 7, VA – 5, Cash – 3, Assumption – 1, Seller Financing – 1, Other – 3

Spotsylvania County

• 99 days on market – this is 16 less than September 2009
• Sellers received, on average, 90.72% of their list price when the home sold
• There is 7.20 months inventory on the market
• 138 homes sold in September 2010 – this is 2 less than in September 2009 
• The most popular price range was $150,000-$199,999
• The median sold price was $200,000, compared to $193,500 in September 2009 
• Financing Terms:  Conventional – 38, FHA – 39, VA – 29, Cash – 23, Assumption – 3, Other – 3

Stafford County

• 67 days on market – this is 10 more than September 2009
• Sellers received, on average, 93.0% of their list price when the home sold
• There is 6.23 months inventory on the market
• 140 homes sold in September 2010 - this is 5 less than in September 2009 
• The most popular price range was $150,000-$199,999
• The median sold price was $240,000, compared to $223,50 in September 2009 
• Financing Terms:  Conventional – 29, FHA – 55, VA – 31, Cash – 19, Assumption – 4

Prince William County

• 44 days on market – this is 7 less than September 2009 
• Sellers received, on average, 95.9% of their list price when the home sold
• There is 5.60 months inventory on the market
• 467 homes sold in September 2010 - this is 121 less than in September 2009
• The most popular price range was $200,000-$249,999
• The median sold price was $244,111, compared to $220,000 in September 2009
• Financing Terms:  Conventional – 117, FHA – 193, VA – 77, Assumption – 7, Cash – 67, Other – 3

Caroline County

• 91 days on market – this is 13 more than September 2009 
• Sellers received, on average, 95.9% of their list price when the home sold
• There is 14.74 months inventory on the market
• 23 homes sold in September 2010 - this is 5 less than in September 2009
• The most popular price range was $100,000-$149,999
• The median sold price was $140,000, compared to $153,620 in September 2009
• Financing Terms:  Conventional – 5, FHA –7, VA – 5, Cash – 5, Assumption – 1

All data provided by MRIS.

Fredericksburg City:

• 149 days on market – this is 85 days more than in July 2009
• Sellers received, on average, 93.48% of their list price when the home sold
• There is 12.08 months of inventory on the market
• 13 homes sold in July 2010 – this is 10 less than in July 2009
• The most popular price range was $250,000-$299,999.   
• The median sold price was $283,250, compared to $218,000 in July 2009
• Financing Terms:  Conventional – 7, FHA – 2, VA – 1, Cash – 3

Orange County

• 166 days on market – this is 11 days more than in July 2009
• Sellers received, on average, 85.94% of their list price when the home sold
• There is 14.81 months of inventory on the market
• 26 homes sold in July 2010 – this is 10 less than July 2009
• The most popular price ranges were $200,000-$249,999.
• The median sold price was $161,500, compared to $209,000 in July 2009 
• Financing Terms:  Conventional – 5, FHA – 10, VA – 4, Other – 2, Cash – 7

Spotsylvania County

• 68 days on market – this is 31 less than July 2009
• Sellers received, on average, 93.26% of their list price when the home sold
• There is 7.88 months inventory on the market
• 125 homes sold in July 2010 – this is 37 less than in July 2009 
• The most popular price range was $200,000-$249,999
• The median sold price was $203,850, compared to $218,450 in July 2009 
• Financing Terms:  Conventional – 37, FHA – 40, VA – 33, Cash – 12, Other – 3

Stafford County

• 62 days on market – this is 12 less than July 2009
• Sellers received, on average, 94.43% of their list price when the home sold
• There is 5.77 months inventory on the market
• 154 homes sold in July 2010 - this is 2 less than in July 2009 
• The most popular price range was $300,000-$399,999
• The median sold price was $242,500, compared to $238,250 in July 2009 
• Financing Terms:  Conventional – 28, FHA – 42, VA – 59, Cash – 17, Assumption – 1, Other – 6, Seller Financing – 1

Prince William County

• 39 days on market – this is 22 less than July 2009 
• Sellers received, on average, 96.92% of their list price when the home sold
• There is 4.97 months inventory on the market
• 593 homes sold in July 2010 - this is 194 less than in July 2009
• The most popular price range was $200,000-$249,999
• The median sold price was $240,000, compared to $200,000 in July 2009
• Financing Terms:  Conventional – 144, FHA – 234, VA – 95, Assumption – 12, Cash – 99, Other – 9

Caroline County

• 80 days on market – this is 53 less than July 2009 
• Sellers received, on average, 91.90% of their list price when the home sold
• There is 11.43 months inventory on the market
• 30 homes sold in July 2010 - this is 15 less than in July 2009
• The most popular price range was $100,000-$119,999
• The median sold price was $127,950, compared to $134,000 in July 2009
• Financing Terms:  Conventional – 10, FHA – 8, VA – 2, Cash – 9, Other – 1

All data provided by MRIS.