fairfax county statistics- january 2015

F AIRFAX COUNTY REAL ESTATE MARKET DYNAMICS JANUARY 2015 2,198 residential homes were listed “For Sale” in our market. Only 705 homes sold during JANUARY . That’s a 3.1 month supply of homes if no other homes come on the market . 1215 additional homes came on the market, increasing inventory by 510 homes! 707 of those homes were priced $800,000 +. Only 94 of these homes sold d uring JANUARY . That’s an 7.5 month supply if no other homes come on the market . 225 additional homes came on the market, increasing inventory by 131 homes. 329 of those homes were priced $600,000 - 799,999. Only 106 of these homes sold during JANU ARY. That’s a 3.1 month supply if no others come on the market. 212 additional homes came on the market, increasing inventory by 106 homes. 475 of those homes were priced $400,000 - 599,999. Only 215 of these homes sold during JANU ARY. That’s a 2.2 month supply if no others come on the market . 335 additional homes came on the market, increasing inventory by 120 homes. 575 of these homes were priced $200,000 - $399,999. 248 of these h omes sold du ring JANUARY . That’s a 2.3 month supply if no others come on the market . 385 additional homes came on the market, increasing inventory by 137 homes. Sales increased steadily from January 2014 through June 2014, then reversed course by dropping from July 2014 thr ough November 2014 by a whopping 47%! December 2014 has seen a surge in sales of 37% from the November’s low; January 2015 has seen a return to the downward trend and increasing inventory. With the promise of rising interest rates and economic uncertainty continue to minimize sales. Buyers are telling us that PRICE is the most critical factor i n increasing proper ty value and getting showings and sales. Here’ s the good news...705 homes are selling each month. Y ours can be $OLD if you’re willing to price competitively and expose it to the Brokerage community where 93% of all homes are $OLD each year! Call me today and let’s get yours $OLD!

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Here we see an in-depth description for your price range of all the specific statistics for Fairfax County real estate market in January 2015.

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FAIRFAX COUNTYREAL ESTATE MARKET DYNAMICS JANUARY 2015

2,198 residential homes were listed For Sale in our market. Only 705 homes sold during JANUARY.Thats a 3.1 month supply of homes if no other homes come on the market.1215 additional homes came on the market, increasing inventory by 510 homes!

707 of those homes were priced $800,000 +. Only 94 of these homes sold during JANUARY.Thats an 7.5 month supply if no other homes come on the market.225 additional homes came on the market, increasing inventory by 131 homes.

329 of those homes were priced $600,000 - 799,999. Only 106 of these homes sold during JANUARY.Thats a 3.1 month supply if no others come on the market. 212 additional homes came on the market, increasing inventory by 106 homes.

475 of those homes were priced $400,000 - 599,999. Only 215 of these homes sold during JANUARY.Thats a 2.2 month supply if no others come on the market.335 additional homes came on the market, increasing inventory by 120 homes.

575 of these homes were priced $200,000 - $399,999. 248 of these homes sold during JANUARY.Thats a 2.3 month supply if no others come on the market.385 additional homes came on the market, increasing inventory by 137 homes.

Sales increased steadily from January 2014 through June 2014, then reversed course by dropping from July 2014 through November 2014 by a whopping 47%! December 2014 has seen a surge in sales of 37% from the Novembers low; January 2015 has seen a return to the downward trend and increasing inventory. With the promise of rising interest rates and economic uncertainty continue to minimize sales. Buyers are telling us that PRICE is the most critical factor in increasing property value and getting showings and sales. Heres the good news...705 homes are selling each month. Yours can be $OLD if youre willing to price competitively and expose it to the Brokerage community where 93% of all homes are $OLD each year! Call me today and lets get yours $OLD!