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| FEBRUARY 2025 | |||
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| Units Sold 652 |
Active Inventory 1,087 |
Median Sale Price $750,000 |
Days On Market 24 |
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| Down -7% Vs. Year Ago |
Down -11% Vs. Year Ago |
Up 10% Vs. Year Ago |
Up 4% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 652 sold this month in Fairfax County Real Estate versus 583 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 7% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 139 units or 11%. The total number of active inventory this February was 1,087 compared to 1,226 in February 2024. This month's total of 1,087 is lower than the previous month's total supply of available inventory of 1,096, a decrease of 1%. |
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Median Sale Price
Last February, the median sale price for Fairfax County Homes was $684,400. This February, the median sale price was $750,000, an increase of 10% or $65,600 compared to last year. The current median sold price is 6% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 918 |
Current Contracts 782 |
Sold Vs. List Price 101.2% |
Months of Supply 1.7 |
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| Down -21% Vs. Year Ago |
Down -2% Vs. Year Ago |
Up 0.7% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In February, there was 1.7 months of supply available in Fairfax County. 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. |
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New Listings & Current Contracts
This month there were 918 homes newly listed for sale in Fairfax County compared to 1,161 in February 2024, a decrease of 21%. There were 782 current contracts pending sale this February compared to 800 a year ago. The number of current contracts is 2% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Fairfax County was 101.2% of the average list price, which is 0.7% higher than at this time last year. Days on Market
This month, the average number of days on market was 24, higher than the average last year, which was 23, an increase of 4%. | |||
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| *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. |
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