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Fairfax Real Estate

Home prices set record in 2023 despite decline in sales

Home prices set record in 2023 despite decline in sales

Media sales price of $389,000 was all-time high, says National Association of Realtors
Zillow: Smaller, affordable cities were tops for 2023 across U.S.

Zillow: Smaller, affordable cities were tops for 2023 across U.S.

#1 on the annual ranking was West Chester, Pa.
Fairfax in middle of pack in per-square-foot housing costs

Fairfax in middle of pack in per-square-foot housing costs

County's 2023 year-end average of $346 was up 3.3% from 2022
Falls Church had priciest real estate in Mid-Atlantic last year

Falls Church had priciest real estate in Mid-Atlantic last year

Large preponderance of single-family homes helped propel 'Little City' to top
Data: Home-buyer interest predictably slow in December locally

Data: Home-buyer interest predictably slow in December locally

Buyers continue to be ultra-sensitive to interest-rate gyrations
Inventory crunch still defines the Fairfax homes market

Inventory crunch still defines the Fairfax homes market

Lack of availability is propping up prices in all segments of market
Fairfax average home-sales prices stay in million-dollar territory

Fairfax average home-sales prices stay in million-dollar territory

Prices for single-family homes were about $1 million on average for nine of 12 months in 2023
2023 home-sales declines were relatively uniform across N.Va.

2023 home-sales declines were relatively uniform across N.Va.

Localities saw drop-offs of more than 20% from 2022 figures
After holiday break, region's homes market starts to perk up

After holiday break, region's homes market starts to perk up

The D.C. metro area’s real-estate market showed strength the first week of January compared to the holiday period that immediately preceded it, but in a number of metrics remains below the level of activity a year before.
High-cost housing now the norm, not exception, across Vienna

High-cost housing now the norm, not exception, across Vienna

Properties under $700,000 are getting more scarce as time goes by