Fri Jan 24 2020
This week the median list price for Fairfax, VA is $781,500 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has held steady at or around 62.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$781,500|
|Per Square Foot||$240|
|Days on Market||145|
|Strong Seller's Market|
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,298,880||5,233||0.5 - 1 acre||5||5||12||3||1||175|
|$872,000||4,509||0.5 - 1 acre||5||4||32||2||3||260|
|$654,500||2,478||0.25 - 0.5 acre||4||3||46||4||4||83|
|$549,700||2,115||0.25 - 0.5 acre||4||2||65||4||2||70|