People who are looking to sell their home in Fairfax County, Virginia will be happy to know that average and median sales are up both from March and from a year ago. Even more impressive is that the average sales price has increased by 20% since April 2009.
Houses in Fairfax County were on the market 32% longer in April, but houses are still selling quickly relative to other markets.
There is a 3 month supply of houses for sale in Fairfax County, with a little over 1,000 homes on the market. This is a slight decrease from March.
New listings in Fairfax County as down significantly, likely due to legal battles between the U.S. government and banks. The conflict has slowed the release of REO properties (Real Estate Owned) – what the bank calls properties that are taken back through the foreclosure process.
All these numbers indicate that Fairfax County’s real estate market is very healthy, even with a 25% drop in April sales. We can help you sell your house fast in this dynamic market.
|Fairfax County, VA||Apr-2011||Apr-2010||% Change|
|Avg Sold Price||$462,817||$433,650||4.32%|
|Median Sold Price||$400,000||$379,000||5.54%|
|Avg Days on Market||58||44||31.82%|
|Avg Sold Price to List Price||96.3%||97.8%||-1.50%|
If you are having trouble selling your house, call us today at 1-877-907-3232 or contact us to get an offer in hours from Express Homebuyers.