market dynamics - fairfax county may 2015

FAIRFAX COUNTY REAL ESTATE MARKET DYNAMICS MAY 2015 4,227 residential homes were listed “For Sale” in our market. Only 1,527 homes sold during MAY. That’s a 2.8 month supply of homes if no other homes come on the market. 2,965 additional homes came on the market, increasing inventory by 1,438 homes! 1,365 of those homes were priced $800,000 +. Only 266 of these homes sold during MAY. That’s an 5.1 month supply if no other homes come on the market. 588 additional homes came on the market, increasing inventory by 322 homes. 733 of those homes were priced $600,000 - 799,999. Only 289 of these homes sold during MAY. That’s a 2.5 month supply if no others come on the market. 593 additional homes came on the market, increasing inventory by 304 homes. 986 of those homes were priced $400,000 - 599,999. Only 514 of these homes sold during MAY. That’s a 1.9 month supply if no others come on the market. 900 additional homes came on the market, increasing inventory by 386 homes. 903 of these homes were priced $200,000 - $399,999. 396 of these homes sold during MAY. That’s a 2.3 month supply if no others come on the market. 710 additional homes came on the market, increasing inventory by 314 homes. Sales have increased 15% from APRIL to MAY 2015 while the sellers’ rush to market is slowing! If this trend continues and the buyer population is stable, the BUYER TO SELLER ratio may continue to increase which is great for an active real estate market. At the same time, more appraisal “issues” are arising limiting any surges or spikes in price. PRICE is the most critical factor in increasing property value and getting showings and sales. Here’s the good news…1,527 homes are selling each month. Yours 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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We have compiled everything you need to know for the real estate market in Fairfax County, VA for May 2015.

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FAIRFAX COUNTYREAL ESTATE MARKET DYNAMICS MAY 2015

4,227 residential homes were listed For Sale in our market. Only 1,527 homes sold during MAY.Thats a 2.8 month supply of homes if no other homes come on the market.2,965 additional homes came on the market, increasing inventory by 1,438 homes!

1,365 of those homes were priced $800,000 +. Only 266 of these homes sold during MAY.Thats an 5.1 month supply if no other homes come on the market.588 additional homes came on the market, increasing inventory by 322 homes.

733 of those homes were priced $600,000 - 799,999. Only 289 of these homes sold during MAY.Thats a 2.5 month supply if no others come on the market. 593 additional homes came on the market, increasing inventory by 304 homes.

986 of those homes were priced $400,000 - 599,999. Only 514 of these homes sold during MAY.Thats a 1.9 month supply if no others come on the market.900 additional homes came on the market, increasing inventory by 386 homes.

903 of these homes were priced $200,000 - $399,999. 396 of these homes sold during MAY.Thats a 2.3 month supply if no others come on the market.710 additional homes came on the market, increasing inventory by 314 homes.

Sales have increased 15% from APRIL to MAY 2015 while the sellers rush to market is slowing! If this trend continues and the buyer population is stable, the BUYER TO SELLER ratio may continue to increase which is great for an active real estate market. At the same time, more appraisal issues are arising limiting any surges or spikes in price. PRICE is the most critical factor in increasing property value and getting showings and sales. Heres the good news1,527 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!