As of July 11 2016 fewer houses are being put on the market for sale, compared to last year. While during the same time frame, slightly more houses are going under contract compared to 2015.
New Houses offered for Sale
Houses put under contract
January 1 -
July 11, 2015
January 1 -
July 11, 2016
The current months supply in Central Fairfax County is at 1.95 months, which is also down from the same time frame last year. Months supply (also known as inventory or absorption rate) looks at how many homes are currently for sale in an area and compares that to how many homes went under contract in that area in the last 30 days.
For more information on what this means to you as a home seller, we're happy to talk through the details of your home and your needs. Drop us a line anytime!
If you are starting or in the middle of your home search and looking for some expert guidance, our client care team is on stand by to assist with any of your needs as well - just let us know how we can help!
Central Fairfax County includes the postal cities of Annandale, Burke, Fairfax, Fairfax Station, Falls Church, Lorton and Springfield.
Data sourced by MRIS July 11, 2016.