Realty Times - Fairfax, Virginia Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Virginia > Fairfax

Market Conditions Summary for Fairfax, Virginia

Reported by

Ron Fowler
as of 2/11/2012:

Inventory of active listings as of Feb 10th is 58 homes. The number of properties going under contract during the last month was 36. The current absorbtion rate or month's worth of supply is thus 1.61 months. The average sales price of the... MORE->
About Ron Fowler

Reported by

Stacy Martin
as of 2/1/2012:

During the month of January, 13 homes sold in Fairfax in the price range from $105,000 to $690,650. In addition, there are 42 homes currently under contract. There are 63 homes on the market, ranging from $129,900 to $1,795,000. Some of these homes... MORE->
About Stacy Martin

Reported by

Katalin S. Melamed
as of 12/19/2011:

The historically low interest rates coupled with the large inventory of available homes, the choices and options for buyers are endless. There are several subdivision where buyers will find more than one home for sale, just to name Kings Park... MORE->
About Katalin S. Melamed

Reported by
Dan Rochon
as of 11/5/2011:

In Fairfax county, the prices have remained relatively unchanged from last year. The current average sales price is $498,526 which is less than 1% lower than the average sales price of year ago. Properties stay on the market for an average of 60... MORE->

Average Current Market Rating: 3 (4 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2 (4 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Virginia > Fairfax

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

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: 3.87%
15 Year Fixed: 3.16%
1 Year Adj: 2.78%
(U.S. Weekly Averages)

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