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Market Absorption Northern Virginia & DC

May Real Estate Market Activity for Northern Virginia and Washington DC

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1. 10 Vital Statistics You Must Know Fairfax Co. Stats YTD Total listings- 4,256 Avg LP- $547,968 Avg SP- $538,351 LP/ SP- 97.3% DOM- 55 Sales YTD- 5,486 (+8.81%) Appreciation/ Depreciation- +2.03% Months of Supply- 2.27 Interest Rate- 4.52 Source: MRIS, Inc. June 26, 2015 2. 10 Vital Statistics You Must Know Prince William Co. Stats YTD Total listings- 1,992 Avg LP- $358,923 Avg SP- $353,636 LP/ SP- 96.9% DOM- 63 Sales YTD- 2,556 (+14.11%) Appreciation/ Depreciation- +3.87% Months of Supply- 2.39 Interest Rate- 4.52 Source: MRIS, Inc. June 26, 2015 3. 10 Vital Statistics You Must Know Loudoun Co. Stats YTD Total listings- 2,220 Avg LP- $482,013 Avg SP- $474,158 LP/ SP- 97.0% DOM- 70 Sales YTD- 2,359 (+18.30%) Appreciation/ Depreciation- +2.49% Months of Supply- 2.96 Interest Rate- 4.52 Source: MRIS, Inc. June 26, 2015 4. Local Market Update May 2015 Northern Virginia Available UC Abs Rate < $100,000 20 6 3.33 $100,000$199,999 270 101 2.67 $200,000-$299,999 655 246 2.66 $300,000-$399,999 782 425 1.84 $400,000-$499,999 736 455 1.62 $500,000-$599,999 626 351 1.78 $600,000-$699,999 555 273 2.03 Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of Alexandria, Fairfax & Falls Church. June 26, 2015 5. Local Market Update May 2015 Northern Virginia Available UC Abs Rate $700,000-$799,999 471 201 2.34 $800,000-$899,999 371 129 2.88 $900,000-$999,999 238 73 3.26 $1M -$1.49M 653 128 5.10 $1.5M -2.49 407 34 11.97 $2.5 million + 165 8 20.63 Overall 5,949 2,430 2.45 Absorption Rate = the number of active listings/by the number of homes marked under contract in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory June 26, 2015 6. No VA Stats- May Avg. SP- +1.35% Units Sold- +7.21% DOM- +15.63% to 37 days Source: MRIS, Inc. June 26, 2015 Year over year 7. Local Market Update May 2015 Prince William Available UC Abs Rate < $100,000 1 1 1.00 $100,000$199,999 90 66 1.36 $200,000-$299,999 403 265 1.52 $300,000-$399,999 427 194 2.20 $400,000-$499,999 434 153 2.84 $500,000-$599,999 334 64 3.19 $600,000-$699,999 141 31 4.55 Source: MRIS, Inc. June 26, 2015 8. Local Market Update May 2015 Prince William Available UC Abs Rate $700,000-$799,999 70 4 17.50 $800,000-$899,999 42 4 10.50 $900,000-$999,999 22 0 0.00 $1M -$1.49M 27 1 27.00 $1.5M -2.49 5 0 0.00 $2.5 million + 1 0 0.00 Overall 1,997 783 3.55 Absorption Rate = the number of active listings/by the number of homes marked under contract in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. June 26, 2015 9. Local Market Update May 2015 Loudoun Available UC Abs Rate < $100,000 0 0 0.00 $100,000$199,999 48 22 2.18 $200,000-$299,999 156 83 1.88 $300,000-$399,999 359 186 1.93 $400,000-$499,999 349 149 2.34 $500,000-$599,999 348 109 3.19 $600,000-$699,999 377 78 4.84 Source: MRIS, Inc. June 26, 2015 10. Local Market Update May 2015 Loudoun Available UC Abs Rate $700,000-$799,999 232 36 6.44 $800,000-$899,999 129 19 6.69 $900,000-$999,999 58 7 8.29 $1M -$1.49M 120 12 10.00 $1.5M -2.49 49 0 0.00 $2.5 million + 29 1 29.00 Overall 2,254 702 4.21 Absorption Rate = the number of active listings/by the number of homes marked under contract in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. June 26, 2015 11. Local Market Update No. VA Current May 2014 Var Available 5,674 4,545 +25% UC Last 30 Days 2,550 2,349 +9% Sold Last 30 Days 2,142 1,998 +7% Absorption Rate 2.23 1.93 As of June 26, 2015 SELLERS MARKET 12. Local Market Update Fairfax Co. Current May 2014 Var Available 4,256 3,354 +27% UC Last 30 Days 1,877 1,703 +10% Sold Last 30 Days 1,527 1,392 +10% Absorption Rate 2.27 1.97 As of June 26, 2015 SELLERS MARKET 13. Fairfax Co. Stats- May Avg. SP- +1.04% Units Sold- +9.70% DOM- +16.13% to 36 days Source: MRIS, Inc. June 26, 2015 Year over year 14. Local Market Update Alexandria City Current May 2014 Var Available 593 517 +15% UC Last 30 Days 274 269 +2% Sold Last 30 Days 272 255 +7% Absorption Rate 2.16 1.92 As of June 26, 2015 SELLERS MARKET 15. Local Market Update Arlington Co. Current May 2014 Var Available 685 575 +19% UC Last 30 Days 333 318 +5% Sold Last 30 Days 287 310 -7% Absorption Rate 2.06 1.81 As of June 26, 2015 SELLERS MARKET 16. Local Market Update Annandale Current May 2014 Var Available 150 104 +44% UC Last 30 Days 88 66 +33% Sold Last 30 Days 62 57 +9% Absorption Rate 1.70 1.58 As of June 26, 2015 SELLERS MARKET 17. Local Market Update Ashburn Current May 2014 Var Available 529 508 +4% UC Last 30 Days 211 176 +20% Sold Last 30 Days 189 141 +34% Absorption Rate 2.51 2.89 As of June 26, 2015 SELLERS MARKET 18. Local Market Update Bristow Current May 2014 Var Available 128 112 +14% UC Last 30 Days 63 65 -3% Sold Last 30 Days 53 64 -17% Absorption Rate 2.03 1.72 As of June 26, 2015 SELLERS MARKET 19. Local Market Update Burke Current May 2014 Var Available 82 97 -15% UC Last 30 Days 88 69 +27% Sold Last 30 Days 67 63 +6% Absorption Rate .93 1.41 As of June 26, 2015 SELLERS MARKET 20. Local Market Update Centreville Current May 2014 Var Available 243 196 +24% UC Last 30 Days 128 129 -1% Sold Last 30 Days 53 64 -17% Absorption Rate 1.90 1.52 As of June 26, 2015 SELLERS MARKET 21. Local Market Update Chantilly Current May 2014 Var Available 220 172 +28% UC Last 30 Days 100 78 +28% Sold Last 30 Days 78 71 +10% Absorption Rate 2.20 2.21 As of June 26, 2015 SELLERS MARKET 22. Local Market Update Clifton Current May 2014 Var Available 96 84 +14% UC Last 30 Days 28 27 +4% Sold Last 30 Days 17 17 0% Absorption Rate 3.43 3.11 As of June 26, 2015 23. Local Market Update Fairfax Current May 2014 Var Available 570 367 +55% UC Last 30 Days 269 243 +11% Sold Last 30 Days 220 201 +9% Absorption Rate 2.12 1.51 As of June 26, 2015 SELLERS MARKET 24. Local Market Update Fairfax Station Current May 2014 Var Available 77 88 -13% UC Last 30 Days 33 25 +32% Sold Last 30 Days 37 29 +28% Absorption Rate 2.33 3.52 As of June 26, 2015 SELLERS MARKET 25. Local Market Update Gainesville Current May 2014 Var Available 227 192 +18% UC Last 30 Days 83 71 +17% Sold Last 30 Days 68 45 +51% Absorption Rate 2.73 2.70 As of June 26, 2015 SELLERS MARKET 26. Local Market Update Great Falls Current May 2014 Var Available 216 209 +3% UC Last 30 Days 31 23 +35% Sold Last 30 Days 29 20 +45% Absorption Rate 6.97 9.09 As of June 26, 2015 27. Local Market Update Haymarket Current May 2014 Var Available 264 171 +54% UC Last 30 Days 57 58 -2% Sold Last 30 Days 50 63 -21% Absorption Rate 4.63 2.95 As of June 26, 2015 28. Local Market Update Herndon Current May 2014 Var Available 264 234 +13% UC Last 30 Days 117 116 +1% Sold Last 30 Days 109 89 +23% Absorption Rate 2.26 2.02 As of June 26, 2015 SELLERS MARKET 29. Local Market Update Leesburg Current May 2014 Var Available 553 474 +17% UC Last 30 Days 165 137 +20% Sold Last 30 Days 137 112 +22% Absorption Rate 3.35 3.46 As of June 26, 2015 30. Local Market Update Manassas Current May 2014 Var Available 523 414 +26% UC Last 30 Days 255 218 +17% Sold Last 30 Days 203 193 +5% Absorption Rate 2.05 1.90 As of June 26, 2015 SELLERS MARKET 31. Local Market Update McLean Current May 2014 Var Available 427 292 +46% UC Last 30 Days 106 86 +23% Sold Last 30 Days 71 59 +20% Absorption Rate 4.03 3.40 As of June 26, 2015 32. Local Market Update Reston Current May 2014 Var Available 388 241 +61% UC Last 30 Days 137 125 +10% Sold Last 30 Days 111 105 +6% Absorption Rate 2.83 1.93 As of June 26, 2015 SELLERS MARKET 33. Local Market Update Springfield Current May 2014 Var Available 237 202 +17% UC Last 30 Days 177 176 +1% Sold Last 30 Days 138 147 -6% Absorption Rate 1.34 1.15 As of June 26, 2015 SELLERS MARKET 34. Local Market Update Sterling Current May 2014 Var Available 282 219 +29% UC Last 30 Days 158 154 +3% Sold Last 30 Days 129 127 +2% Absorption Rate 1.78 1.42 As of June 26, 2015 SELLERS MARKET 35. Local Market Update Vienna/ Oakton Current May 2014 Var Available 418 320 +31% UC Last 30 Days 159 143 +11% Sold Last 30 Days 127 110 +15% Absorption Rate 2.63 2.24 As of June 26, 2015 SELLERS MARKET 36. Local Market Update Woodbridge Current May 2014 Var Available 742 660 +2% UC Last 30 Days 591 541 +9% Sold Last 30 Days 279 292 -4% Absorption Rate 1.26 1.22 As of June 26, 2015 SELLERS MARKET 37. Local Market Update DC Current May 2014 Var Available 1,236 1,205 +3% UC Last 30 Days 948 921 +3% Sold Last 30 Days 755 776 -3% Absorption Rate 1.30 1.31 As of June 26, 2015 SELLERS MARKET 38. Local Market Update Loudoun Co. Current May 2014 Var Available 2,220 1,974 +12% UC Last 30 Days 750 629 +19% Sold Last 30 Days 621 523 +19% Absorption Rate 2.96 3.14 As of June 26, 2015 SELLERS MARKET 39. Local Market Update Prince William Current May 2014 Var Available 1,992 1,645 +21% UC Last 30 Days 832 756 +10% Sold Last 30 Days 653 627 +4% Absorption Rate 2.39 2.18 As of June 26, 2015 SELLERS MARKET 40. Local Market Update GPAAR Current May 2014 Var Available 1,420 1,321 +7% UC Last 30 Days 283 256 +11% Sold Last 30 Days 210 206 +2% Absorption Rate 5.02 4.98 As of June 26, 2015 **Includes Fauquier, Culpeper, Orange, Madison and Rappahannock Counties 41. Local Market Update BRAR Current May 2014 Var Available 1,182 1,196 -1% UC Last 30 Days 307 274 +12% Sold Last 30 Days 218 210 +4% Absorption Rate 3.85 4.36 As of June 26, 2015 **Includes Clarke, Frederick, Warren Counties & Winchester City 42. Local Market Update FAAR Current May 2014 Var Available 2,038 2,020 +1% UC Last 30 Days 655 574 +14% Sold Last 30 Days 465 412 +13% Absorption Rate 3.11 3.52 As of June 26, 2015 **Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties