FAIRFAX CITY HOUSING MARKET DATA

There was a decrease in total units sold in June, with 24 sold this month in Fairfax City Real Estate versus 33 last month, a decrease of 27%. This month's total units sold was lower than at this time last year, a decrease of 20% versus June 2024.

Versus last year, the total number of homes available this month is higher by 24 units or 71%. The total number of active inventory this June was 58 compared to 34 in June 2024. This month's total of 58 is lower than the previous month's total supply of available inventory of 60, a decrease of 3%.

Last June, the median sale price for Fairfax City Homes was $725,000. This June, the median sale price was $862,500, an increase of 19% or $137,500 compared to last year. The current median sold price is 13% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In June, there was 2.4 months of supply available in Fairfax City, compared to 1.1 in June 2024. That is an increase of 113% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 31 homes newly listed for sale in Fairfax City compared to 30 in June 2024, an increase of 3%. There were 23 current contracts pending sale this June compared to 22 a year ago. The number of current contracts is 5% higher than last June.

In June, the average sale price in Fairfax City was 102.1% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 19, higher than the average last year, which was 11. This increase was impacted by the limited number of sales.





FOCUS ON: FAIRFAX CITY HOUSING MARKET			JUNE 2025

Units Sold 24	Active Inventory 58	Median Sale Price $862,500	Days On Market 19

Down -20% Vs. Year Ago	Up 71% Vs. Year Ago	Up 19% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 24 sold this month in Fairfax City Real Estate versus 33 last month, a decrease of 27%. This month's total units sold was lower than at this time last year, a decrease of 20% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 24 units or 71%. The total number of active inventory this June was 58 compared to 34 in June 2024. This month's total of 58 is lower than the previous month's total supply of available inventory of 60, a decrease of 3%.
		Median Sale Price Last June, the median sale price for Fairfax City Homes was $725,000. This June, the median sale price was $862,500, an increase of 19% or $137,500 compared to last year. The current median sold price is 13% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 31	Current Contracts 23	Sold Vs. List Price 102.1%	Months of Supply 2.4

Up 3% Vs. Year Ago	Up 5% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 114% Vs. Year Ago


		Months of Supply In June, there was 2.4 months of supply available in Fairfax City, compared to 1.1 in June 2024. That is an increase of 113% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 31 homes newly listed for sale in Fairfax City compared to 30 in June 2024, an increase of 3%. There were 23 current contracts pending sale this June compared to 22 a year ago. The number of current contracts is 5% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Fairfax City was 102.1% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 19, higher than the average last year, which was 11. This increase was impacted by the limited number of sales.



	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.