FALLS CHURCH CITY HOUSING MARKET DATA

The number of units sold remained stable in January, with 6 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 of 40% versus January 2024.

Versus last year, the total number of homes available this month is higher by 9 units or 53%. The total number of active inventory this January was 26 compared to 17 in January 2024. This month's total of 26 is lower than the previous month's total supply of available inventory of 27, a decrease of 4%.

Last January, the median sale price for Falls Church City Homes was $725,000. This January, the median sale price was $815,000, an increase of 12% or $90,000 compared to last year. The current median sold price is 21% higher than in December.

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

In January, there was 4.3 months of supply available in Falls Church City, compared to 3.4 in January 2024. That is an increase of 27% 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 9 homes newly listed for sale in Falls Church City compared to 15 in January 2024, a decrease of 40%. There were 9 current contracts pending sale this January compared to 7 a year ago. The number of current contracts is 29% higher than last January.

In January, the average sale price in Falls Church City was 99.4% of the average list price, which is 1.1% higher than at this time last year.

This month, the average number of days on market was 11, lower than the average last year, which was 70. This decrease was impacted by the limited number of sales.





FOCUS ON: FALLS CHURCH CITY HOUSING MARKET			JANUARY 2025

Units Sold 6	Active Inventory 26	Median Sale Price $815,000	Days On Market 11

Up 20% Vs. Year Ago	Up 53% Vs. Year Ago	Up 12% Vs. Year Ago	Down Vs. Year Ago


		Units Sold The number of units sold remained stable in January, with 6 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 of 40% versus January 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 9 units or 53%. The total number of active inventory this January was 26 compared to 17 in January 2024. This month's total of 26 is lower than the previous month's total supply of available inventory of 27, a decrease of 4%.
		Median Sale Price Last January, the median sale price for Falls Church City Homes was $725,000. This January, the median sale price was $815,000, an increase of 12% or $90,000 compared to last year. The current median sold price is 21% higher than in December. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 9	Current Contracts 9	Sold Vs. List Price 99.4%	Months of Supply 4.3

Down -40% Vs. Year Ago	Up 29% Vs. Year Ago	Up 1.1% Vs. Year Ago	Up 27% Vs. Year Ago


		Months of Supply In January, there was 4.3 months of supply available in Falls Church City, compared to 3.4 in January 2024. That is an increase of 27% 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 9 homes newly listed for sale in Falls Church City compared to 15 in January 2024, a decrease of 40%. There were 9 current contracts pending sale this January compared to 7 a year ago. The number of current contracts is 29% higher than last January.
		Sale Price to List Price Ratio In January, the average sale price in Falls Church City was 99.4% of the average list price, which is 1.1% higher than at this time last year. Days on Market This month, the average number of days on market was 11, lower than the average last year, which was 70. This decrease was impacted by the limited number of sales.



	*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.