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| FEBRUARY 2025 | |||
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| Units Sold 11 |
Active Inventory 31 |
Median Sale Price $750,000 |
Days On Market 21 |
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| Up Vs. Year Ago |
Up 94% Vs. Year Ago |
Down Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in February, with 11 sold this month in Falls Church City Real Estate. This month's total units sold was higher than at this time last year, an increase from February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 15 units or 94%. The total number of active inventory this February was 31 compared to 16 in February 2024. This month's total of 31 is higher than the previous month's total supply of available inventory of 29, an increase of 7%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last February, the median sale price for Falls Church City Homes was $1,115,000. This February, the median sale price was $750,000, a decrease of $365,000 compared to last year. The current median sold price is lower 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 11 |
Current Contracts 6 |
Sold Vs. List Price 100.5% |
Months of Supply 2.8 |
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| Down -27% Vs. Year Ago |
Down -57% Vs. Year Ago |
Down -1.5% Vs. Year Ago |
Down -12% Vs. Year Ago |
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Months of Supply
In February, there was 2.8 months of supply available in Falls Church City, compared to 3.2 in February 2024. That is a decrease of 12% 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 11 homes newly listed for sale in Falls Church City compared to 15 in February 2024, a decrease of 27%. There were 6 current contracts pending sale this February compared to 14 a year ago. The number of current contracts is 57% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Falls Church City was 100.5% of the average list price, which is 1.5% lower than at this time last year. Days on Market
This month, the average number of days on market was 21, higher than the average last year, which was 11. This increase was impacted by the limited number of sales. | |||
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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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