According to data provider MRIS, the NVAR region (which includes Fairfax County, Falls Church, Alexandria and Arlington) posted a fairly strong November. Total units sold were up 42.45 percent from last November, as buyers took advantage of the extended first-time buyer credit and low interest rates.
At the high end of the market, 48 homes sold for more than $1 million, although only three were above $2.5 million.
The median sales price was up both year over year and month over month at $374,000. This was an 11.64 percent increase over last November, and a 4.82 percent from October 2009.
The average sales price compared to average list price rose to 94.74 percent in November, up again month over month from 94.56 percent, and compared to 91 percent this time last time.
As mentioned in a related post just about Arlington, roughly 10 percent of financing was all cash, so nice to see some investor profiles helping out.
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