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Fairfax Real Estate

Local real-estate market slowly building some mojo

Local real-estate market slowly building some mojo

Contracts written across region over past week up even as sales are still slow
Average home-sales price across N.Va. tops $800,000 in July data

Average home-sales price across N.Va. tops $800,000 in July data

Sales continue to be sluggish due to inventory, affordability issues
N.Va., state home prices rising at same pace

N.Va., state home prices rising at same pace

Both have seen 2.6% uptick over past year, according to new data
Local region's homes market goes into summertime hibernation

Local region's homes market goes into summertime hibernation

Prices continue to rise even as listings, sales hit cyclical low
Va. homes market 18,000 sales short of 2022 figures

Va. homes market 18,000 sales short of 2022 figures

Drop from 2023 totaled 23.3% during first seven months of year
After months of bullishness, home-builders now not so sure

After months of bullishness, home-builders now not so sure

Concerns are causing some firms to cut prices, offer incentives
Bucking national result, home prices in region continue upward

Bucking national result, home prices in region continue upward

Nationally, year-over-year prices were down, but most metro areas saw increase
Demand from home-buyers in middle of pack in Fairfax

Demand from home-buyers in middle of pack in Fairfax

Alexandria only local jurisdiction with strong buyer sentiment in July
Dog days still keeping local homes market sluggish

Dog days still keeping local homes market sluggish

Listing prices, however, are holding up as market transitions to cooler part of year
Per-square-foot home-sales prices rise in new Fairfax data

Per-square-foot home-sales prices rise in new Fairfax data

Typical home sale in July garnered $349 per square foot, up from $335 year before