Reader sent in some statistics on Virginia's housing bubble. "Although the number of single family homes and condos sold in January was down by almost 30% when compared to 2005, the average sales price did top the 2005 January average sales price by 10.3%. Active listings increased dramatically when comparing homes on the market in January 2005 versus January 2006, with a 392.5% increase."

"Sales prices for the first month of 2006 in Greater Northern Virginia (including Prince William, Loudoun, Fauquier, Culpeper, Madison, Clark, and Rappahannock counties) also followed an upward trend as did closer-in Northern Virginia region. Units sold were 28.1% below January 2005 levels with 2,292 units sold in January 2006. Active listings were up 330% when compared to the number of listings in January 2005."

"The average sales price was up 13.4% from the January 2005 average of $440,426 to the January 2006 sales price average of $499,456."

But from the December report. "Sales prices in Greater Northern Virginia followed the same upward trend as the closer-in region. The average sales price was up 18% from December 2004 at $525,274 for December 2005."