FAIRFAX HOUSING MARKET DATA

There was a decrease in total units sold in July, with 154 sold this month in Fairfax Real Estate versus 174 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 9% versus July 2024.

Versus last year, the total number of homes available this month is higher by 34 units or 16%. The total number of active inventory this July was 241 compared to 207 in July 2024. This month's total of 241 is lower than the previous month's total supply of available inventory of 280, a decrease of 14%.

Last July, the median sale price for Fairfax Homes was $780,000. This July, the median sale price was $767,500, a decrease of 2% or $12,500 compared to last year. The current median sold price is 7% lower than in June.

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

In July, there was 1.6 months of supply available in Fairfax, compared to 1.2 in July 2024. That is an increase of 28% 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 158 homes newly listed for sale in Fairfax compared to 206 in July 2024, a decrease of 23%. There were 141 current contracts pending sale this July compared to 156 a year ago. The number of current contracts is 10% lower than last July.

In July, the average sale price in Fairfax was 99.8% of the average list price, which is 2.2% 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 12, an increase of 58%.





FOCUS ON: FAIRFAX HOUSING MARKET			JULY 2025

Zip Code(s): 22033, 22032, 22031 and 22030
Units Sold 154	Active Inventory 241	Median Sale Price $767,500	Days On Market 19

Down -9% Vs. Year Ago	Up 16% Vs. Year Ago	Down -2% Vs. Year Ago	Up 58% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 154 sold this month in Fairfax Real Estate versus 174 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 9% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 34 units or 16%. The total number of active inventory this July was 241 compared to 207 in July 2024. This month's total of 241 is lower than the previous month's total supply of available inventory of 280, a decrease of 14%.
		Median Sale Price Last July, the median sale price for Fairfax Homes was $780,000. This July, the median sale price was $767,500, a decrease of 2% or $12,500 compared to last year. The current median sold price is 7% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 158	Current Contracts 141	Sold Vs. List Price 99.8%	Months of Supply 1.6

Down -23% Vs. Year Ago	Down -10% Vs. Year Ago	Down -2.2% Vs. Year Ago	Up 28% Vs. Year Ago


		Months of Supply In July, there was 1.6 months of supply available in Fairfax, compared to 1.2 in July 2024. That is an increase of 28% 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 158 homes newly listed for sale in Fairfax compared to 206 in July 2024, a decrease of 23%. There were 141 current contracts pending sale this July compared to 156 a year ago. The number of current contracts is 10% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Fairfax was 99.8% of the average list price, which is 2.2% 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 12, an increase of 58%.


	Fairfax are defined as properties listed in zip code/s 22033, 22032, 22031 and 22030.
	*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.