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Fairfax Real Estate

In N.Va., home buyers start to turn up, but sellers still scarce

In N.Va., home buyers start to turn up, but sellers still scarce

Week-over-week listing activity was relatively flat in new data
Va. home sales show year-over-year uptick; prices also rise

Va. home sales show year-over-year uptick; prices also rise

Market has been on a decline (year-over-year-wise) for past two years, but trend has now reversed
Data: More homes coming onto local market as spring approaches

Data: More homes coming onto local market as spring approaches

Arlington and Fairfax each saw week-over-week increases in listings
Fairfax County home assessments up an average of 2.9% over 2023

Fairfax County home assessments up an average of 2.9% over 2023

Highest increase was in condominium segment, but single-family, townhouse sectors were up as well
Growth rate of N.Va. home-sales prices outpacing national total

Growth rate of N.Va. home-sales prices outpacing national total

Local rise of 7.6% in median price year-over-year compares to 3.5% national rate
Data: Home-affordability took a beating in 4th quarter of 2023

Data: Home-affordability took a beating in 4th quarter of 2023

Nationally, less than 38% of households could afford median-priced property
Fairfax, Northern Virginia see bump up in home inventory

Fairfax, Northern Virginia see bump up in home inventory

248 homes came to market in county in weekly report, up from 222 week before
Fairfax home-sales volume narrowly misses $400M in January

Fairfax home-sales volume narrowly misses $400M in January

Sales declined 5.4% year-over-year but average price rose 6.75% in new data
N.Va. home sales kick off 2023 roughly on par with year before

N.Va. home sales kick off 2023 roughly on par with year before

Sales are up in Arlington, down in Fairfax, basically flat region-wide
January brought a million-dollar home-sale average in Fairfax

January brought a million-dollar home-sale average in Fairfax

Only once in past 11 months has single-family sales average been below $1 million