FAIRFAX HOUSING MARKET DATA

There was an increase in total units sold in May, with 175 sold this month in Fairfax Real Estate versus 164 last month, an increase of 7%. This month's total units sold was lower than at this time last year, a decrease of 5% versus May 2024.

Versus last year, the total number of homes available this month is higher by 25 units or 12%. The total number of active inventory this May was 229 compared to 204 in May 2024. This month's total of 229 is lower than the previous month's total supply of available inventory of 248, a decrease of 8%.

Last May, the median sale price for Fairfax Homes was $824,094. This May, the median sale price was $825,000, which is similar compared to a year ago. The current median sold price is 8% higher than in April.

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

In May, there was 1.3 months of supply available in Fairfax, compared to 1.1 in May 2024. That is an increase of 18% 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 196 homes newly listed for sale in Fairfax compared to 223 in May 2024, a decrease of 12%. There were 177 current contracts pending sale this May compared to 165 a year ago. The number of current contracts is 7% higher than last May.

In May, the average sale price in Fairfax was 100.9% of the average list price, which is 2.6% lower than at this time last year.

This month, the average number of days on market was 13, higher than the average last year, which was 9, an increase of 44%.





FOCUS ON: FAIRFAX HOUSING MARKET			MAY 2025

Zip Code(s): 22033, 22032, 22031 and 22030
Units Sold 175	Active Inventory 229	Median Sale Price $825,000	Days On Market 13

Down -5% Vs. Year Ago	Up 12% Vs. Year Ago	No Change Vs. Year Ago	Up 44% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 175 sold this month in Fairfax Real Estate versus 164 last month, an increase of 7%. This month's total units sold was lower than at this time last year, a decrease of 5% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 25 units or 12%. The total number of active inventory this May was 229 compared to 204 in May 2024. This month's total of 229 is lower than the previous month's total supply of available inventory of 248, a decrease of 8%.
		Median Sale Price Last May, the median sale price for Fairfax Homes was $824,094. This May, the median sale price was $825,000, which is similar compared to a year ago. The current median sold price is 8% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 196	Current Contracts 177	Sold Vs. List Price 100.9%	Months of Supply 1.3

Down -12% Vs. Year Ago	Up 7% Vs. Year Ago	Down -2.5% Vs. Year Ago	Up 18% Vs. Year Ago


		Months of Supply In May, there was 1.3 months of supply available in Fairfax, compared to 1.1 in May 2024. That is an increase of 18% 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 196 homes newly listed for sale in Fairfax compared to 223 in May 2024, a decrease of 12%. There were 177 current contracts pending sale this May compared to 165 a year ago. The number of current contracts is 7% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Fairfax was 100.9% of the average list price, which is 2.6% lower than at this time last year. Days on Market This month, the average number of days on market was 13, higher than the average last year, which was 9, an increase of 44%.


	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.