Realty Times - Fairfax County, Virginia Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Virginia > Fairfax County

Market Conditions Summary for Fairfax County, Virginia

Reported by

Barb Northam
as of 12/1/2008:

It's a Buyer's Market in Fairfax County. Buyers have more time to browse, choose and bargain. The average Sold Price is $408K, down 21% from last year this time.(!!), but up from last month. Homes are staying on the Market an average of 101 days... MORE->
About Barb Northam

Reported by

Romie & Tricia Oplinger
as of 11/29/2008:

Northern Virginia real estate continues to favor buyers. The market has slowed and homes are taking a longer to sell. The average number of days on the market has gone up to 93 from 85 a year ago. Prices will probably continue to slowly trend... MORE->
About Romie & Tricia Oplinger

Reported by

Irene de Leon
as of 11/20/2008:

As you read information or listen to commentary about the real estate market, one thing is important to remember. All real estate is local. It's a great time to explore your options for buying a home...regardless of the type of housing your... MORE->
About Irene de Leon

Reported by

Julia Vaughan
as of 11/15/2008:

Fairfax County is still a great market for buyers. Prices are down 21.5% over prices last year and the days on market are up 7.5%. There are still great buys out there with lots of inventory from which to choose...a whopping 6835 properties.... MORE->
About Julia Vaughan

Reported by

Ron Fowler
as of 11/10/2008:

Inventory of active listings (single family + condos) decreased from 7106 at the end of September to 6835 at the end of October. Total sales decreased from 1257 units to 1132. The absorbtion rate or month's supply increased from 5.65 to 6.04 months.... MORE->
About Ron Fowler

Reported by

Kevin Kleifges
as of 11/8/2008:

It is a great time to be a Winter buyer in Fairfax County and still a good time to sell. Finally, buyers have some negotiating power with the listing price on the majority of properties. Supply has increased 300% from the previous year. For sellers,... MORE->
About Kevin Kleifges

Reported by

Casey ONeal
as of 11/7/2008:

Fairfax County is a huge geographic area with many well established neighborhoods and a desirable proximity to DC and surrounding Metro areas, and is a sought after location with it's central access to employment, shopping, and transportation... MORE->
About Casey ONeal

Reported by

Steve Hawkins
as of 10/28/2008:

In the month September 2008 1229 units sold compared to 707 in September 2007 in Fairfax County. The days on market was 120.You can get the value of your Fairfax county home by visiting HomeSearchWebsite.com, or give Steve a call anytime @... MORE->
About Steve Hawkins

Reported by

Flo Nystrom
as of 10/22/2008:

Approaching November 2008 in the Northern Virginia Area, inventory in general is down and sales are up. That is, according to NVAR's Statistical Analyses, for the month of September 2007 compared to the month of September 2008, the following is... MORE->
About Flo Nystrom

Reported by

Rhonda Bowers
as of 9/15/2008:

Welcome to Fairfax County, part of the Commonwealth of Virginia! Attention Buyers: The advantage in home buying belongs to you right now! Recently more homes have been available in the market than there are buyers, making negotiating a... MORE->
About Rhonda Bowers

Reported by

Cheryl Shier
as of 9/3/2008:

Sellers who are interested in "testing the waters" should shy away from this market. If you want sell, update only what is necessary to get your house sold. Buyers are much more interested in the "bells and whistles" like hardwood floors and granite... MORE->
About Cheryl Shier

Reported by

David H. Lohman
as of 8/15/2008:

The current Market in Northern Virginia is a strong Buyers Market. Inventory is at an all time high and prices are falling 1-5 percent each month in most areas. Cost of gas is actually stimulating the sale and rental market in Fairfax, Alexandria... MORE->
About David H. Lohman

Reported by

Deneen Davis-with Weichert Realtors- Great Falls VA / MD
as of 8/1/2008:

On Wednesday President Bush signed into law the newest housing bills. What does this mean for the average homebuyer or seller, and what does this do to bolster the housing market? 1. It provides a homebuyer tax credit for first-time home... MORE->
About Deneen Davis-with Weichert Realtors- Great Falls VA / MD

Average Current Market Rating: 1.6 (13 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.1 (13 ratings)

1	2	3	4	5
Falling			Rising

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Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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