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Fairfax Real Estate

Home-buyer sentiment improves slightly in Fairfax

Home-buyer sentiment improves slightly in Fairfax

Affordability, inventory issues still providing headwinds for market
No surprise here: Home sales down across region in first 6 months

No surprise here: Home sales down across region in first 6 months

Five major jurisdictions in N.Va. saw cumulative 28% drop in transactions from 2022
Fairfax still part of an increasingly exclusive real-estate club

Fairfax still part of an increasingly exclusive real-estate club

Only two Mid-Atlantic jurisdictions had more than 5,000 home sales in first six months of 2023
Per-square-foot home prices still varying by local jurisdiction

Per-square-foot home prices still varying by local jurisdiction

D.C. properties cost most, Prince William least in monthly report
Average Fairfax s/f home price stays above $1 million

Average Fairfax s/f home price stays above $1 million

Sales remain below 2022 figures as availability, affordability issues remain
Philly continues to outpace Fairfax for home-sale supremacy

Philly continues to outpace Fairfax for home-sale supremacy

City of Brotherly Love ends first half of year up more than 1,300 transactions
Home-sellers asking for more than a year before

Home-sellers asking for more than a year before

Median listing price across D.C. region last week was $590,000
Va. Realtors reporting slightly less buyer, seller enthusiasm

Va. Realtors reporting slightly less buyer, seller enthusiasm

Nearly half predict prices will still be rising in three months' time
YTD home-sales price in Northern Virginia still above 2022

YTD home-sales price in Northern Virginia still above 2022

Inventory crunch is helping to maintain higher prices even as sales are low
Home-listing prices remain high across region

Home-listing prices remain high across region

Median price of homes coming on market was $570,000 in week leading up to July 4th