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| MAY 2025 | |||
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| Units Sold 14 |
Active Inventory 47 |
Median Sale Price $1,763,650 |
Days On Market 9 |
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| Down -33% Vs. Year Ago |
Up 21% Vs. Year Ago |
Up Vs. Year Ago |
Down -31% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in May, with 14 sold this month in Falls Church City Real Estate versus 21 last month, a decrease of 33%. This month's total units sold was lower than at this time last year, a decrease of 33% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 8 units or 21%. The total number of active inventory this May was 47 compared to 39 in May 2024. This month's supply remained stable as compared to last month. |
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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 May, the median sale price for Falls Church City Homes was $1,260,000. This May, the median sale price was $1,763,650, an increase of $503,650 compared to last year. The current median sold price is 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. |
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| New Listings 26 |
Current Contracts 22 |
Sold Vs. List Price 102.3% |
Months of Supply 3.4 |
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| Down -21% Vs. Year Ago |
Up 120% Vs. Year Ago |
Down -3.4% Vs. Year Ago |
Up 81% Vs. Year Ago |
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Months of Supply
In May, there was 3.4 months of supply available in Falls Church City, compared to 1.9 in May 2024. That is an increase of 81% 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 26 homes newly listed for sale in Falls Church City compared to 33 in May 2024, a decrease of 21%. There were 22 current contracts pending sale this May compared to 10 a year ago. The number of current contracts is 120% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Falls Church City was 102.3% of the average list price, which is 3.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 9, lower than the average last year, which was 13, a decrease of 31%. | |||
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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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