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November 25, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Fairfax, Virginia

Reported by Ron Fowler, REALTOR

Updated November 16, 2009.

Current Market Rating: 4




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Buyer's

Seller's

Current Price Trend: 5



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5
Falling

Rising

Inventory of active listings as of Nov 16th is 55 homes. The number of properties sold during the last month was 25. The current absorbtion rate or month's worth of supply is thus 1.94 months. The average sales price of the properties actually sold during Oct increased from $428,814 to $461,182 or 8.01%. CAUTION: Fairfax City is a relatively small market area and small numerical changes or differences in the prices of the houses actually selling can result in large percentage swings.

ZIP Codes: 22030, 22031, 22032

Location Characteristics: Centrally located. Lots of Services and Low Taxes

For More Information:

View Market Conditions of other areas served by Ron Fowler

Navigate: Top > Virginia > Fairfax

About Ron Fowler:
Selecting a Realtor is a very important decision! A home is usually the single largest purchase in your lifetime. In today's complicated market it is important to have an experienced professional to help you with your real estate needs. When choosing a realtor you should consider their reputation, marketing approach, market knowledge, and their commitment to putting the needs of their clients first. I am a graduate of the United States Merchant Marine Academy at Kings Point and hold a Masters Degree in Business Administration from New York University. I am also actively involved with the community as a volunteer coach and Scout Leader, and as the father of 11 children, I understand the needs of individuals & families transferring into and out of the Washington metropolitan area.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

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