The Northern Virginia real estate market experienced some positive trends in June. According to The Long & Foster Market Minute reports, homes are selling quickly throughout the area, and median sale prices have increased in some parts of 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 saw median sale prices increase in some areas compared to the same month in 2013. Arlington County saw a large increase in median sale price of 10 percent, and Fairfax County experienced a 1 percent increase. Loudoun and Prince William counties each saw small decreases of 2 percent, while Alexandria City experienced a 3 percent decrease.

Homes are continuing to sell rapidly throughout Northern Virginia, according to June data. In Arlington County, the average days on market (DOM) was just 20 days, followed closely by Fairfax County at 23 days. Prince William County saw a DOM of 30 days, Loudoun County experienced an average of 31 days and Alexandria City saw a DOM of 32 days.

The number of units sold in the Northern Virginia region decreased in all areas compared to the same month in 2013. Decreases ranged from 5 percent to 18 percent. Additionally, inventory increased by 15 percent to 41 percent in all areas of Northern Virginia.

“We’re now halfway through 2014, and this year has brought many positive developments like increasing sale prices and quick home sales,” said Jeffrey S. Detwiler, president and chief operating officer for The Long & Foster Companies. “Overall, the market is stabilizing and that will help keep the industry healthy and ready for future growth.”

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.