FAIRFAX COUNTY, FAIRFAX CITY, AND FALLS CHURCH HOUSING MARKET DATA

There was an increase in total units sold in April, with 1,209 sold this month in Fairfax County, Fairfax City, and Falls Church Real Estate. This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is higher by 275 units or 18%. The total number of active inventory this April was 1,842 compared to 1,567 in April 2024. This month's total of 1,842 is lower than the previous month's total supply of available inventory of 1,926, a decrease of 4%.

Last April, the median sale price for Fairfax County, Fairfax City, and Falls Church Homes was $751,500. This April, the median sale price was $775,000, an increase of 3% or $23,500 compared to last year. The current median sold price is 1% higher than in March.

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

In April, there was 1.5 months of supply available in Fairfax County, Fairfax City, and Falls Church, compared to 1.3 in April 2024. That is an increase of 19% 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 1,500 homes newly listed for sale in Fairfax County, Fairfax City, and Falls Church compared to 1,695 in April 2024, a decrease of 12%. There were 1,314 current contracts pending sale this April compared to 1,418 a year ago. The number of current contracts is 7% lower than last April.

In April, the average sale price in Fairfax County, Fairfax City, and Falls Church was 101.1% of the average list price, which is 1.6% lower than at this time last year.

This month, the average number of days on market was 15, higher than the average last year, which was 13, an increase of 15%.





FOCUS ON: FAIRFAX COUNTY, FAIRFAX CITY, AND FALLS CHURCH HOUSING MARKET			APRIL 2025

Units Sold 1,209	Active Inventory 1,842	Median Sale Price $775,000	Days On Market 15

Down -2% Vs. Year Ago	Up 18% Vs. Year Ago	Up 3% Vs. Year Ago	Up 15% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 1,209 sold this month in Fairfax County, Fairfax City, and Falls Church Real Estate. This month's total units sold was lower than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 275 units or 18%. The total number of active inventory this April was 1,842 compared to 1,567 in April 2024. This month's total of 1,842 is lower than the previous month's total supply of available inventory of 1,926, a decrease of 4%.
		Median Sale Price Last April, the median sale price for Fairfax County, Fairfax City, and Falls Church Homes was $751,500. This April, the median sale price was $775,000, an increase of 3% or $23,500 compared to last year. The current median sold price is 1% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 1,500	Current Contracts 1,314	Sold Vs. List Price 101.1%	Months of Supply 1.5

Down -12% Vs. Year Ago	Down -7% Vs. Year Ago	Down -1.6% Vs. Year Ago	Up 19% Vs. Year Ago


		Months of Supply In April, there was 1.5 months of supply available in Fairfax County, Fairfax City, and Falls Church, compared to 1.3 in April 2024. That is an increase of 19% 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 1,500 homes newly listed for sale in Fairfax County, Fairfax City, and Falls Church compared to 1,695 in April 2024, a decrease of 12%. There were 1,314 current contracts pending sale this April compared to 1,418 a year ago. The number of current contracts is 7% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Fairfax County, Fairfax City, and Falls Church was 101.1% of the average list price, which is 1.6% lower than at this time last year. Days on Market This month, the average number of days on market was 15, higher than the average last year, which was 13, an increase of 15%.



	*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.