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

There was an increase in total units sold in March, with 873 sold this month in Fairfax County, Fairfax City, and Falls Church Real Estate versus 692 last month, an increase of 26%. This month's total units sold was lower than at this time last year, a decrease of 1% versus March 2024.

Versus last year, the total number of homes available this month is higher by 37 units or 3%. The total number of active inventory this March was 1,475 compared to 1,438 in March 2024. This month's total of 1,475 is lower than the previous month's total supply of available inventory of 1,510, a decrease of 2%.

Last March, the median sale price for Fairfax County, Fairfax City, and Falls Church Homes was $749,495. This March, the median sale price was $760,000, an increase of 1% or $10,505 compared to last year. The current median sold price is 1% higher than in February.

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

In March, there was 1.7 months of supply available in Fairfax County, Fairfax City, and Falls Church. The amount of supply is similar compared to 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 1,426 homes newly listed for sale in Fairfax County, Fairfax City, and Falls Church compared to 1,494 in March 2024, a decrease of 5%. There were 1,284 current contracts pending sale this March compared to 1,180 a year ago. The number of current contracts is 9% higher than last March.

In March, the average sale price in Fairfax County, Fairfax City, and Falls Church was 101.1% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 18, higher than the average last year, which was 15, an increase of 20%.





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

Units Sold 873	Active Inventory 1,475	Median Sale Price $760,000	Days On Market 18

Down -1% Vs. Year Ago	Up 3% Vs. Year Ago	Up 1% Vs. Year Ago	Up 20% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 873 sold this month in Fairfax County, Fairfax City, and Falls Church Real Estate versus 692 last month, an increase of 26%. This month's total units sold was lower than at this time last year, a decrease of 1% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 37 units or 3%. The total number of active inventory this March was 1,475 compared to 1,438 in March 2024. This month's total of 1,475 is lower than the previous month's total supply of available inventory of 1,510, a decrease of 2%.
		Median Sale Price Last March, the median sale price for Fairfax County, Fairfax City, and Falls Church Homes was $749,495. This March, the median sale price was $760,000, an increase of 1% or $10,505 compared to last year. The current median sold price is 1% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 1,426	Current Contracts 1,284	Sold Vs. List Price 101.1%	Months of Supply 1.7

Down -5% Vs. Year Ago	Up 9% Vs. Year Ago	Down -0.9% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 1.7 months of supply available in Fairfax County, Fairfax City, and Falls Church. The amount of supply is similar compared to 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 1,426 homes newly listed for sale in Fairfax County, Fairfax City, and Falls Church compared to 1,494 in March 2024, a decrease of 5%. There were 1,284 current contracts pending sale this March compared to 1,180 a year ago. The number of current contracts is 9% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Fairfax County, Fairfax City, and Falls Church was 101.1% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 18, higher than the average last year, which was 15, an increase of 20%.



	*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.