The Northern Virginia real estate market experienced some positive trends in March. According to The Long & Foster Market Minute reports, homes are continuing to sell at a quick pace throughout the region. The Northern Virginia market includes the city of Alexandria, and Arlington, Fairfax, Loudoun and Prince William counties.

The Long & Foster Market Minute reports are compiled from data from residential real estate transactions within specific geographic regions, not just Long & Foster sales.

The Northern Virginia region experienced relatively little change in median sale price compared to the same month in 2013. Fairfax County experienced a 2 percent increase, while Loudoun County saw no change. Arlington and Prince William counties each saw small 1 percent drops, while Alexandria City experienced a 10 percent decrease.

Homes continue to sell rapidly throughout Northern Virginia, according to March data. In Arlington County, the average days on market (DOM) was 30 days, while Fairfax County saw a DOM of 36 days. Alexandria City experienced a DOM of 38 days, while Prince William and Loudoun counties saw DOMs of 42 days and 45 days, respectively.

Though the number of units sold decreased by 7 percent to 25 percent throughout the region, many homeowners are getting at least 97.6 percent or more of their asking price. Additionally, inventory is up in all areas of the Northern Virginia market, with areas seeing increases of 11 percent to 32 percent.

“Though the housing market got a slow start this year after a harsh winter, we’re beginning to see some positive trends happening in the real estate market, including in the Northern Virginia region,” said Jeffrey S. Detwiler, president and chief operating officer for The Long & Foster Companies. “In many places, we’re seeing homes selling quickly and increasing in median sale price. Now that the temperatures are heating up, we expect to see many continued improvements in the market.”

The Long & Foster Market Minute is an overview of market statistics based on residential real estate transactions and presented at the county level. The easy-to-read and easy-to-share reports include information about each area’s units sold, active inventory, median sale prices, months of supply, new listings, new contracts, list to sold price ratio, and days on market. Featuring reports for more than 500 local areas and neighborhoods in addition to more than 100 counties in eight states, The Long & Foster Market Minute is offered to buyers and sellers as they aim to make well-informed real estate decisions.

The Long & Foster Market Minute reports are available at www.LongandFoster.com, and you can subscribe to free updates for the reports in which you’re interested.