Fairfax Market Update-March 2006
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April 10, 2006
NEW! Listing Inventory Absorption Rates for Fairfax County (see sidebar). We have only looked back 26 months but will continue to fill previous periods as time permits. In addition, we will build a complete set of trend graphs over the next few weeks.Fairfax County shows similar trends as Loudoun. The difference is that the sellers market was significantly stronger in prior months and the current buyers market is not as strong as Loudoun.
What's happening in Fairfax:
Buyer Intensity Data Points
Data collected from  |
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| Fairfax County | Single Family Residential | ||||
| March 2006 | Trend ↑↓ | Sell | Buy | |
| ■ Avg Sales Price | $564,250 | ■ | ■ | |
| ■ YTD Avg Price | --- | ■ | ■ | |
| ■ New Listings | 3,145 | ↑↑ | ■ | ■ |
| ■ Active Listings | 5,737 | ↑↑ | ■ | ■ |
| ■ New Contracts | 1,348 | ↑ | ■ | ■ |
| ■ Number Sold | 1,000 | ↑ | ■ | ■ |
| ■ Weeks Backlog | 10.5 | ↑ | ■ | ■ |
| ■ Days on Market | 59 | ↑ | ■ | ■ |
| ■ % of List Price | 97.0% | ■ | ■ | |
| ■ Builders Sold | -- | ■ | ■ | |
| ■ Buyer Intensity Index | -0.59 | ↓ | ■ | ■ |
| Competition: | Favorable to buyers | |||
| Market Momentum: | Buyers | |||
| Price Momentum: | Buyers | |||
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*Trend: change from previous month *Index: Sold is 59% lower than total active |
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As we collect more data the tables and charts will be updated. Stay tuned.
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