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| JANUARY 2025 | |||
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| Units Sold 572 |
Active Inventory 895 |
Median Sale Price $701,000 |
Days On Market 30 |
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| Up 5% Vs. Year Ago |
Down -6% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 7% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in January, with 572 sold this month in Fairfax County Real Estate versus 854 last month, a decrease of 33%. This month's total units sold was higher than at this time last year, an increase of 5% versus January 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 55 units or 6%. The total number of active inventory this January was 895 compared to 950 in January 2024. This month's total of 895 is lower than the previous month's total supply of available inventory of 983, a decrease of 9%. |
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Median Sale Price
Last January, the median sale price for Fairfax County Homes was $660,000. This January, the median sale price was approximately the same at $701,000. The current median sold price is 6% higher than in January 2024. 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 707 |
Current Contracts 634 |
Sold Vs. List Price 99.1% |
Months of Supply 1.6 |
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| Down -23% Vs. Year Ago |
Down -11% Vs. Year Ago |
Down -0.6% Vs. Year Ago |
Down -10% Vs. Year Ago |
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Months of Supply
In January, there was 1.6 months of supply available in Fairfax County, compared to 1.7 in January 2024. That is a decrease of 10% 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. |
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New Listings & Current Contracts
This month there were 707 homes newly listed for sale in Fairfax County compared to 915 in January 2024, a decrease of 23%. There were 634 current contracts pending sale this January compared to 716 a year ago. The number of current contracts is 11% lower than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Fairfax County was 99.1% of the average list price, which is 0.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 30, higher than the average last year, which was 28, an increase of 7%. | |||
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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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