Northern Virginia Real Estate Market is in a Slow Recovery

The Northern Virginia housing market is in a slow recovery.

Home sales prices in the second quarter have increased from the first.

Days on the market are almost half of what they were a year ago. In Fairfax county, VA homes have stayed on the market for an average of 58 days compared to 97 days a year ago.

Freddie Mac says that the 30 year fixed mortgage rate for June of 2010 was 4.74%

Seller and buyer expectations are getting closer to each other. Homes are selling at an average of 95.2% of sales price.

The average sales price of a home in the DC area is $398,445 (of course this is all homes in all areas)

Check out some of the latest homes for sale in Northern Virginia:

Fairfax, VA homes for sale

Fairfax, VA short sales for sale

Fairfax, VA bank owned homes for sale

Alexandria, VA homes for sale

Alexandria, VA short sales for sale

Alexandria, VA bank owned homes for sale

Arlington, VA homes for sale

Arlington, VA short sales for sale

Arlington, VA bank owned homes for sale

Springfield, VA homes for sale

Springfield, VA short sales for sale

Springfield, VA bank owned homes for sale

*Data is derived from Metropolitan Regional Information Systems, Inc and deemed reliable, but not guaranteed.