Home sales across Northern Virginia’s five most populous jurisdictions are running about 25 percent behind 2022’s totals over the first 10 months of the year, with the declines relatively evenly split jurisdiction by jurisdiction.
A total of 21,983 properties went to closing between Jan. 1 and Oct. 31, according to new data from Bright MLS analyzed by the GazetteLeader. That’s down 24.2 percent from the 28,998 sales recorded during the same period last year.
Each of the five major localities comprising the Northern Virginia region saw drop-offs in excess of 20 percent:
• In Fairfax County, home sales for the first 10 months of 2023 totaled 9,804, down 23.3 percent from 12,779.
• In Prince William County, home sales totaled 4,434, down 25.8 percent from 6,060.
• In Loudoun County, sales totaled 3,997, down 25.3 percent from 5,348.
• In Arlington, sales totaled 1,938, down 22.4 percent from 2,498.
• In Alexandria, sales totaled 1,810, down 21.8 percent from 2,313.
Figures represent most, but not all, homes on the market. All figures are preliminary and are subject to revision.