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

Ron Fowler
as of 2/11/2012:

Inventory of active listings as of Feb 10th is 2127 homes. The number of properties going under contract during the last month was 1207. The current absorbtion rate or month's worth of supply is thus 1.76 months. The average sales price of the... MORE->
About Ron Fowler

Reported by

Casey ONeal
as of 2/9/2012:

How's the market? Don't focus as much on the national news since everything is "local" and in our local market area buyers (and renters too) are out there looking and the housing inventory is low along with historically low interest rates.... MORE->
About Casey ONeal

Reported by

Deneen Davis-with Weichert Realtors- Great Falls VA /MD
as of 2/7/2012:

The market is great for purchasing and selling... MORE->
About Deneen Davis-with Weichert Realtors- Great Falls VA /MD

Reported by

Janet Lange
as of 1/15/2012:

December 2011 Market Statistics for Fairfax County: Total Volume of Sales are up 17.42% compared to December 2010! Closed Sales are up 17.65%! The average sold price dipped slightly .19% but that is expected to rise as demand increases in the coming... MORE->
About Janet Lange

Reported by

Mary Lou Sage
as of 10/27/2011:

Rates appear to be steady for now .. Of course down payment and credit scores do make a difference in rates. FHA/VA are still under 4% and Conventional rates are 4.375%. Jumbo rates (over $625,500) are around 4.875% Inventory is low and... MORE->
About Mary Lou Sage

Reported by

Flo Nystrom
as of 10/26/2011:

Approaching November 2011 in the Northern Virginia Area, the market is seeing more short sales and loan modifications; foreclosures still exist. Interest rates are at @4.1%, 30 Year Fixed . And, loans are available for purchasers with a 20%... MORE->
About Flo Nystrom

Average Current Market Rating: 3 (6 ratings)

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

Average Current Price Trend: 2.8 (6 ratings)

1	2	3	4	5
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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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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