MONTHLY MRIS MARKET UPDATE

NORTHERN VIRGINIA ASSOCIATION OF REALTORS

June listings compared to May: Decreased 5% to 7,617.

June sales units compared to May: Increased 20% to 2,169.

June 2009 Sales Units compared to June 2008 Sales Units: Up 14%.

The average sold price for all homes in June was $451,354, Down 7% compared to 2008

Absorption Rate* comparing January thru June 2009:

	JAN	FEB	MAR	APR	MAY	JUN
Under 249,999	180 days	177 days	151 days	133 days	130 days	117 days
250,000 - 299,999	177 days	165 days	138 days	125 days	97 days	85 days
300,000 - 399,999	165 days	170 days	114 days	113 days	100 days	80 days
400,000 - 499,999	196 days	179 days	157 days	110 days	101 days	78 days
Over 500,000	402 days	409 days	298 days	276 days	197 days	135 days

DULLES ASSOCIATION OF REALTORS (LOUDOUN COUNTY)

June listings compared to May: Decreased 3% to 2,272.

June sales units compared to May: Increased 19% to 523.

June 2009 Sales Units compared to June 2008 Sales Units: Decreased 5%.

The average sold price for all homes for June was $384,036, Down 8% compared to 2008.

Absorption Rate* comparing January thru June 2009:

	JAN	FEB	MAR	APR	MAY	JUN
Under 249,999	158 days	163 days	124 days	101 days	110 days	113 days
250,000 - 299,999	192 days	156 days	153 days	137 days	167 days	92 days
300,000 - 399,999	197 days	145 days	153 days	150 days	118 days	99 days
400,000 - 499,999	267 days	343 days	168 days	157 days	154 days	118 days
Over 500,000	491 days	570 days	435 days	395 days	268 days	201 days

PRINCE WILLIAM ASSOCIATION OF REALTORS

June listings compared to May: Unchanged at 3,135.

June sales units compared to May: Decreased 9% to 795.

June 2009 Sales Units compared to June 2008 Sales Units: Decreased 19%

The average sold price for all homes for June was $224,273, Down 18% compared to 2008.

Absorption Rate* comparing January thru June 2009

	JAN	FEB	MAR	APR	MAY	JUN
Under 249,999	140 days	130 days	105 days	109 days	92 days	102 days
250,000 - 299,999	169 days	156 days	146 days	131 days	110 days	123 days
300,000 - 399,999	169 days	233 days	152 days	137 days	110 days	140 days
400,000 - 499,999	359 days	312 days	197 days	186 days	154 days	162 days
Over 500,000	470 days	608 days	416 days	476 days	303 days	241 days