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July 5, 2008
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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 County


Market Conditions Summary for Fairfax County, Virginia


Reported by

Kevin Kleifges
as of 7/5/2008:
It is a great time to be a Summer buyer in Fairfax County and still a good time to sell. Finally, buyers have some negotiating power with the listing price on the majority of properties. Supply has increased 300% from the previous year. For sellers,... MORE->
About Kevin Kleifges

Reported by

Irene de Leon
as of 7/2/2008:
As you read information or listen to commentary about the real estate market, one thing is important to remember. All real estate is local. It's a great time to explore your options for buying a home...regardless of the type of housing your... MORE->
About Irene de Leon

Reported by

Deneen Davis-with Weichert Realtors- Great Falls VA / MD
as of 7/1/2008:
you are currently in foreclosure, strongly consider selling your property as a backup plan. The object is to pay off all debt and expenses, walk away without a foreclosure or bankruptcy on your credit history and perhaps put a little cash in your... MORE->
About Deneen Davis-with Weichert Realtors- Great Falls VA / MD

Reported by

Flo Nystrom
as of 6/25/2008:
The distinct shift from a seller's market to a buyer's market has been called by some to be "the year 2006, the year of the buyer". And, it continues into 2007 and 2008. But, perhaps it is now becoming a self-adjusting market, with an increased... MORE->
About Flo Nystrom

Reported by

Barbara Northam
as of 6/19/2008:
It's a Buyer's Market in Fairfax County. Buyers have more time to browse, choose and bargain. The average Sold Price is $466,378, down 12% from last year this time. Homes are staying on the Market an average of 118 days versus 104 days last year ,... MORE->
About Barbara Northam

Reported by

Lisa M. Bailey-Harper
as of 6/15/2008:
This Buyers market is steady as it goes. Rates are still good and buyers are certainly out there finally buying and that's a great thing because if you can buy, now is the best time. Inventory is high and homes are going on the market daily so you... MORE->
About Lisa M. Bailey-Harper

Reported by

David H. Lohman
as of 6/15/2008:
The current Market in Northern Virginia is a strong Buyers Market. Inventory is at an all time high and prices are falling 1-5 percent each month in most areas. Cost of gas is actually stimulating the sale and rental market in Fairfax, Alexandria... MORE->
About David H. Lohman

Reported by

Ron Fowler
as of 6/13/2008:
Inventory of active listings (single family + condos) increased from 8481 at the end of April to 8530 at the end of May. Total sales increased from 1073 units to 1278. The absorbtion rate or month's supply decreased 7.90 to 6.67 months due to the... MORE->
About Ron Fowler

Reported by

Casey ONeal
as of 6/4/2008:
Fairfax County is a huge geographic area with many well established neighborhoods and a desirable proximity to DC and surrounding Metro areas, and is a sought after location with it's central access to employment, shopping, and transportation... MORE->
About Casey ONeal

Reported by

Steve Hawkins
as of 5/16/2008:
In the month April 2008 848 single family homes sold compared to 868 in April 2007 in Fairfax County. The days on market was 118.You can get the value of your Fairfax county home by visiting HomeSearchWebsite.com, or give Steve a call anytime @... MORE->
About Steve Hawkins

Reported by

Cheryl Shier
as of 5/5/2008:
The Northern Virginia market has definitely picked up this Spring and buyers that have been putting off purchases are now venturing out to take advantage of low interest rates, affordable housing and great loan programs The good news is that... MORE->
About Cheryl Shier

Reported by

Julia Vaughan
as of 4/28/2008:
Fairfax County is still a great market for buyers. Prices are down 11.9% over prices last year and the days on market are up 13.46%. This is good news for this county, but there are still great buys out there with lots of inventory from which to... MORE->
About Julia Vaughan

Reported by

ElizabethSachero-Perez
as of 4/17/2008:
WELCOME TO FAIRFAX COUNTY! We are experiencing a buyer's market. The average sales price is up fpr the first quarter of the year to $635,000 The solid job growth will help to build the housing demand, while historically low mortgage rates... MORE->
About ElizabethSachero-Perez

Reported by

Bobbie Salame Weichert Assoc. Broker
as of 4/15/2008:
Hearing all the time about the doom and gloom of the real estate market can get us in a definite recession. So let us examine our options. The mortgage rates are at a historical low. Lots of house inventory in the market. Sellers are willing to... MORE->
About Bobbie Salame Weichert Assoc. Broker

Reported by

Rhonda Bowers
as of 4/15/2008:
Welcome to Fairfax County, part of the Commonwealth of Virginia! Attention Buyers: The advantage in home buying belongs to you right now! Recently more homes have been available in the market than there are buyers, making negotiating a... MORE->
About Rhonda Bowers

Reported by

Romie & Tricia Oplinger
as of 3/15/2008:
Northern Virginia real estate continues to favor buyers. The market has slowed and homes are taking a longer to sell. The average number of days on the market has gone up to 123 from 102 a year ago. Prices will probably continue to slowly trend... MORE->
About Romie & Tricia Oplinger


Average Current Market Rating: 1.5    (16 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 2.1    (16 ratings)




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Falling

Rising

Navigate: Top > Virginia > Fairfax County


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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