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Fairfax Real Estate

D.C. region's year-to-date home sales running below 2023 data

D.C. region's year-to-date home sales running below 2023 data

Just under 19,500 properties went to closing between January and May; median price rose $40,000
Fairfax homes market has a billion-dollar month in May

Fairfax homes market has a billion-dollar month in May

Sellers received, on average, about 103% of original listing price
Update: Per-square-foot housing costs rise significantly in region

Update: Per-square-foot housing costs rise significantly in region

Local area's 61.3% increase in five years compared to 52.7% nationwide
Some local home-sellers willing to cut listing prices

Some local home-sellers willing to cut listing prices

About 8% of homes on market saw a reduction during one-week period, according to new data
Va. Realtors expect home prices to keep rising through summer

Va. Realtors expect home prices to keep rising through summer

Buyers remain active while sellers often are staying put at the present time
Most local home-sellers holding steady on listing prices

Most local home-sellers holding steady on listing prices

Percentage of those cutting prices generally low, but varies by N.Va. jurisdiction
Lower home showings suggest local market starting to cool

Lower home showings suggest local market starting to cool

Memorial Day drop-off is typical, but showings are running at low end of recent annual trends
Apartment rents continue to push higher in Tysons, Merrifield

Apartment rents continue to push higher in Tysons, Merrifield

Both slightly trail Arlington, which is priciest in D.C. region according to Apartment List
Median home-listing price in region still above 2023 totals

Median home-listing price in region still above 2023 totals

Median for all homes in metro core was $617,000 for week ending May 26, according to Bright MLS
Realtors' economist predicting steady increases in home sales

Realtors' economist predicting steady increases in home sales

'You have to buy a home to build wealth,' Yun says