Mon Jul 06 2020
This week the median list price for Fairfax, VA is $899,950 with the market action index hovering around 61. This is about the same as last month's market action index of 61. 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||$899,950|
|Per Square Foot||$255|
|Days on Market||71|
|Strong Seller's Market|
The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,386,035||5,800||0.5 - 1 acre||5||4||0||1||3||93|
|$1,119,000||4,843||0.25 - 0.5 acre||5||4||15||1||4||53|
|$844,950||3,062||0.5 - 1 acre||4||3||34||7||7||38|
|$612,450||2,101||0.25 - 0.5 acre||4||3||51||4||9||97|