In our close-in Metro area, the Virginia suburbs took the lead this April over DC and Montgomery County, with a 10% increase in dollar volume of sales over last April, a 7% increase in average price and a 38% decrease in the number of days a property stays on the market. Montgomery County actually showed a 3.6% decrease in dollar volume of sales compared to last April and the District very surprisingly showed a 6.1% decrease in average price.
We see these numbers as surprising, because over the past several years, DC has usually been the leader with dollar volume of sales and average price, and Virginia often trails behind the District and Montgomery County.
One month is not a trend, but keep track of our monthly reports and you can spot trends before they hit the newspapers.
*Statistics are taken from Bright MLS for the District of Columbia, Montgomery County, Maryland and Arlington, Alexandria and Fairfax County in Northern Virginia.