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Sian Pugh

sian@sianpugh.com or (703) 966-1075

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February 2020 Real Estate Trends are Strange !?!

March 20, 2020 by spugh Leave a Comment

February was a strange month, statistically speaking. In many locations the spring market felt like it started in January, possibly due to the weather.  Generally inventory was significantly tighter leading to also lower days on the market and increased sales prices. I expect March’s numbers to be significantly different as the impact of COVID-19 hit the real estate market like a juggernaut in the first two weeks of March – if you can’t leave your house, how can you go house hunting? I’m still getting lots of email and text inquiries about properties, so I expect that once we can see the light at the end of the tunnel, there will be a similar acceleration. I’ve gone into more detail on that here – would love to hear your thoughts. In the meantime, see below for what happened in February:

Median Price Change since last year % Sales Change since last year Active Inventory Change since last year Days On Market Change since last year
Alexandria VA $477,000 -6% 167 -7% 159 -5% 16 -45%
Arlington County VA $640,000 14% 149 -15% 171 -30% 23 -28%
Clarke County VA $318,500 -16% 17 70% 56 -15% 93 21%
Fairfax City VA $478,000 -3% 21 -34% 48 2% 15 -72%
Fairfax County VA $560,000 15% 864 4% 1334 -21% 30 -23%
Falls Church City VA $735,000 -10% 8 100% 8 -70% 7 -86%
Fauquier County VA $417,000 10% 87 38% 239 -26% 61 11%
Federick County VA $259,950 4% 108 24% 346 -11% 74 19%
King George County VA $337,000 29% 26 -19% 89 -12% 55 -17%
Loudoun County VA $493,750 3% 330 -1% 629 -25% 28 -24%
Manassass City VA $355,000 7% 40 18% 41 -25% 43 0%
Manassass Park City VA $269,950 1% 16 14% 19 -10% 22 -39%
Prince William County VA $385,000 2% 457 12% 511 -40% 32 -27%
Stafford County VA $359,900 11% 153 6% 406 -32% 46 -8%
Warren County VA $260,000 27% 57 111% 162 -23% 66 -23%
Berkeley County WV $203,000 7% 139 4% 532 -17% 61 -5%
Jefferson County WV $267,500 24% 60 62% 160 -42% 68 -9%
Morgan County WV $221,500 41% 26 53% 90 -30% 117 26%
Frederick County MD $309,000 3% 296 19% 655 -32% 58 2%
Montgomery County MD $435,500 5% 760 12% 1324 -25% 44 -14%
Washington DC $589,500 2% 634 14% 1203 -15% 36 -10%

Contact me with any real estate related questions!

Filed Under: Buying a Home, Frederick and Mongomery County MD Real Estate Statistics, Jefferson County WV Real Estate Statistics, Maryland Real Estate, Maryland Real Estate Statistics, Morgan County WV Real Estate Stats, Moving to Northern Virginia, Northern Virginia Communities, Northern Virginia Real Estate Statistcs, Virginia Real Estate Tagged With: buying a home, jefferson county WV market stats, Loudoun County, northern virginia real esate statistics, northern virginia real estate stats, selling your home, Washington DC Real Estate statistics

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Sian is someone that you want on your team. She has a keen grasp of the competitive market space and how that will impact the customers she serves.

~ Jane, Waterford

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I am licensed in DC, and the states of Maryland, Virginia, and West Virginia. I am based in our Hamilton VA Berkshire Hathaway PenFed Realty office for my Virginia and West Virginia licenses, and our Frederick MD office for my Maryland license. However we have several local offices where I can meet you.

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Frederick, MD 21704

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