• Skip to main content

Express Homebuyers

We Buy Houses in Virginia, Maryland, Washington DC, and Florida

March 2011 Real Estate Statistics for Fairfax County, Virginia

by bchandler on 11:27 am

EXPRESSHOMEBUYERS
Over 4,000+ Homes Purchased Since 2003
☰
  • Why Are You Selling? 🏡
    • You inherited A Home
    • You Want To Avoid Massive Repairs
    • You want to Sell Your Rental Property
    • You Need Cash Fast
    • You Need To Relocate and Sell Your Home Fast
    • You Want to Avoid Foreclosure
  • Free Resources
  • About Us

March 2011 Real Estate Statistics for Fairfax County, Virginia

 

Tell us about your home and
get your fair cash offer in 7 minutes!

Get Your Cash Offer Today

For homeowners in Fairfax County, Virginia, who are looking to sell their house, things still look good. The area still has a fairly health market, though it appears buyers have slowed their activity from February.

The median sold price is up slightly as is the average sold price, from the previous year.  It’s still not easy to sell a house fast, though. There has been a significant drop in units sold and a significant increase in days on market. It’s taking nearly 50% longer to sell a house, though, relatively speaking, Fairfax County’s average is still fast.

In terms of supply, in February 2011 there were 721 homes sold. When divided into the number of active listings, it signifies a 4-month supply of houses. This is a slight increase from the prior month, yet still indicates a healthy market (defined by a 5-6 month supply).

Active listings were down in Fairfax, and new listings were significantly down. This is most likely a result of the legal battles between the US government and the banks that are stalling the release of foreclosed properties. REOs, or Real Estate Owned, are what a bank calls the properties they take back through the foreclosure process.

Fairfax County, VAMar-2011Mar-2010% Change
Avg Sold Price$432,691$420,1812.98%
Median Sold Price$370,000$355,0004.23%
Units Sold1,0341,147-9.85%
Avg Days on Market684744.68%
Avg Sold Price to List Price96.1%96.8%-0.82%
Active Listings2,7662, 918-5.21%
New Listings2,0962,333-10.16%
New Pendings1,5891,625-2.22%

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.

Get your Fair Cash Offer to Sell Your House, Fast!

Where is your property located?*
Please select your property from the options in the dropdown list.
First Name*
Last Name*
Phone*
EmailOptional

or Call us at (877) 804-5252

Express Homebuyers

Corporate Office

6564 Loisdale Court, Suite 315
Springfield, VA 22150
Phone: (877) 804-5252
Email: express@expresshomebuyers.com

☰
  • TOP STATES :
  • California
  • Texas
  • Arizona
  • Pennsylvania
  • Florida
  • Colorado
  • DC
  • Georgia
  • Illinois
  • Kansas
  • Massachusetts
  • Maryland
  • Michigan
  • Minnesota
  • Missouri
  • North Carolina
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Oklahoma
  • Hawaii
  • South Carolina
  • Tennessee
  • Utah
  • Virginia
  • Washington
  • Delaware
Better Business Bereau A+ Rating
Express Homebuyers is rated 4.6 stars on Google based on 39 reviews

Categories: Real Estate Statistics