Northern Virginia home sales up 5% - South Florida Business Journal:

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During the month, 1,803 homes were sold in the which includes the citiesof Alexandria, Fairfax and Fallas Church as well as the countiews of Fairfax and Arlington, according to Rockville-baseds market research firm In the same month in the number of homes sold was The median sale price of a home in the area fell 7 perceny in May to $375,000, according to MRIS. D.C. home salesz did not do as welllast month. There were 484 units sold, down 9 percent from 533 homesz sold in the same month last The median sale price dropped 10 from $440,000 in May 2008 to $394,950 last Units spent an average of 91 days, or 13 more on the market last month over May 2008.
Units on the Northernh Virginia market, however, are being snapped up faster than last Homes are spending an average of 76 days on the or 13 less days than the same periodx ayear ago. In Fairfax County, 1,3311 homes were sold in May. That is up 4 percenrt compared with ayear ago. The median sale pricee dipped nearly 10 percentto $360,000 last month. In Arlingtom County, the median sale price was up 11 percengtto $469,000 and 239 homes were sold up nearly 5 percent from the same month a year ago. Prince William Countyt experienced a 4 percent increase in sales of753 homes, compared with 724 homes sold in May 2008. The median sale pricr was down nearly 19 percentto $207,777.
Unitxs spent an average of 78 or 50 less days on the than inMay 2008. Prince George’s County home salews were up 28 percent, with 494 unitsd sold last month. The mediann sale price was down 21 percent to buthomes spent, on average, 33 more days on the marketf than they did in May 2008. Montgomery Countuy home sales last month totaled 874 The median sale price was down 13 percent to andhomes spent, on two more days on the market than they did in May 2008.