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Fairfax Real Estate

Zillow predicts stronger sales, stable prices nationally in 2024

Zillow predicts stronger sales, stable prices nationally in 2024

'A bit' of breathing room coming for would-be purchasers
Apartment-rental rates ease slightly in Tysons

Apartment-rental rates ease slightly in Tysons

Market cooling is typical this time of year
Forecast: Home sales to rise, prices largely flat in region for 2024

Forecast: Home sales to rise, prices largely flat in region for 2024

Bright MLS believes inventory crunch is likely to ease as year continues
U.S. home-buyers have had to dig deeper to affordable properties

U.S. home-buyers have had to dig deeper to affordable properties

Median income required topped $100,000 for only second time
As home-sellers remain scarce, Va. home prices still elevated

As home-sellers remain scarce, Va. home prices still elevated

Median sales price in October across state was up 6.8% from year before
Home demand continues to outpace supply across most of Fairfax

Home demand continues to outpace supply across most of Fairfax

Some would-be buyers are on the sidelines and may stay there until spring
Home sales down relatively uniformly across N.Va.

Home sales down relatively uniformly across N.Va.

Sales totals running about 25% behind 2022 for first 10 months
Home showings up across region week-over-week

Home showings up across region week-over-week

But other metric trend down as autumnal market takes hold
Fairfax in middle of pack in per-square-foot home costs

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

Fairfax's October average of $347 was up 6.1% from year before
Fairfax home sales back in million-dollar territory

Fairfax home sales back in million-dollar territory

Bright MLS: Average price for single-family sales stood at $1.05M in October