Hi! I’m Brad Chandler of Express Homebuyers and the Following is your December 2011 Real Estate Statistics for Fairfax County, Virginia
The average sales price of a home sold in December was $465,410, a decrease of over 2% from a year earlier. 907 homes were sold in Fairfax County in December, that’s 15% less than last December. Those homes took on average 68 days to sell, an increase of nearly 8% from a year earlier, yet still a fairly fast sales time. Based on 841 homes being sold in November there is roughly a 3-month supply of homes in Fairfax County. This means that if buyers continued to buy at the same pace as they did in November each month going forward and there were no new homes placed on the market for sale, the supply of houses for sale would run out in less than 3 months. This is a sign of a strong real estate market. Additionally, sellers are getting over 95% of what they list their home for. So if a seller listed their home for $100,000 they would, on average, end up selling it for $95,000. The number of homes for sale decreased 13% to 2,263. The number of homes that came on the market 746 is down over 1.5% from a year ago. The number of new contracts that buyers placed on homes for sale decreased roughly 3% from 872 to 847 in December. While buyer activity has slowed slightly and sales and inventory is down, overall most of the above factors indicate a very healthy real estate market in Fairfax County. If you have any questions about this information or selling your Fairfax County house fast please contact us at the number above.
|Fairfax County, VA||December 2011||December 2010||% Change|
|Avg Sold Price||$456,410||$467,083||-2.92%|
|Median Sold Price||$387,000||$388,000||-0.26%|
|Avg Days on Market||68||63||7.94%|
|Avg Sold Price to List Price||95.3%||95.2%||0.14%|