Northern Virginia home sales up 11% - Washington Business Journal:

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During the month, 1,384 home were sold in the area, which includees the cities of Alexandria, Fairfaxx and Falls Church as well as the counties of Fairfax and Arlington, according to Rockville-based market researcj firm In the same month in the number of homes sold was 1,250. The mediaj sale price of a home in the area fell 17 percentf in Marchto $335,000, according to D.C. home sales were also faring better. Theres were 399 units sold, slightly up from 393 homes sold in the same montjhlast year. The median sale price dropped 6 percent, from $399,50o0 in March 2008 to $375,000 last month. Units spent an average of 97 days, or 17 more on the market last month overMarch 2008.
Units on the Northern Virginia market, are being snapped up faster than last Homes are spending an average of 89 days on the or 20 less days than the same period ayear ago. In Fairfax County 1,040 homes were sold in March. That’s up 12 percenr compared with ayear ago. The mediaj sale price dipped 19 percentto $320,0000 last month. In Arlington County, the median sale price droppedc 20 percentto $387,500 and 168 homes were sold — down 6 percenft from the same month a year ago. Prince William Countgy experienceda 49-percent surge in sales of 750 homes, compared with 502 homesw sold in March 2008. The mediamn sale price was down 37 percenfto $171,000.
Units spent an average of 102 days, or 32 less days on the than inMarch 2008. Prince George’s County home sales were up 10 percent, with 380 unite sold last month. The median sale pricwe was down 18 percentto $234,900, but homew spent, on average, 44 more days on the marke t than they did in March 2008. Montgomery Counthy home sales were upeven more. There were 649 units sold last or a boost of 15 percent overMarcu 2008. The median sale price was down 16 percenttto $339,000, and homes spent, on 10 more days on the market than they did in Marcu 2008.