Realty Times - Fairfax County, 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 County

Market Conditions Summary for Fairfax County, Virginia

Reported by

Flo Nystrom
as of 11/16/2009:

Approaching December 2009 in the Northern Virginia Area, the $8,000 Tax Credit given as part of The Stimulus Package has resulted in an increase in sales as well as an increase in sale prices. As of November 7, 2009, the existing $8,000 Tax... MORE->
About Flo Nystrom

Reported by

Ron Fowler
as of 11/16/2009:

Inventory of active listings as of Nov 16th is 2658 homes. The number of properties sold during the last month was 1368. The current absorbtion rate or month's worth of supply is thus 1.94 months. The average sales price of the properties actually... MORE->
About Ron Fowler

Reported by

Janet Lange
as of 11/14/2009:

SPRINGFIELD, Virginia showed encouraging signs in the real estate market for October. The following figures reflect the upturn in activity: New listings: 111 Sold listings: 80 Pending sales: 116 Average sales price: $358,024... MORE->

Reported by

Casey ONeal
as of 11/10/2009:

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

David H. Lohman
as of 11/6/2009:

Our President is likley to sign the extension for a Buyer $8000 tax credit through June '10. ADDITIONALLY- a SELLER tax credit for home owners of 5 years or more will get a $6500 tax credit for moving up. This will certainly keep the market moving... MORE->
About David H. Lohman

Reported by

Barb Northam
as of 10/26/2009:

It's not exactly a Buyer's Market in Fairfax County. Buyers have more time to browse, choose and bargain, BUT the market is creeping up----Up 9% over last year this time sold price. The average Sold Price is $416K. Homes are staying on the Market an... MORE->
About Barb Northam

Reported by

Deneen Davis-with Weichert Realtors- Great Falls VA /Camp Springs MD
as of 10/6/2009:

Buyers are out and purchasing steadily. There are lots of competition however if its priced right it will... MORE->
About Deneen Davis-with Weichert Realtors- Great Falls VA /Camp Springs MD

Average Current Market Rating: 2.4 (7 ratings)

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

Average Current Price Trend: 3.1 (7 ratings)

1	2	3	4	5
Falling			Rising

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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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