Fairfax County Housing Inventory Added

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April 12, 2006

Inventory_Fairfax.jpg NEW: Fairfax Inventory Trends added to our Northern Virginia charts. History only goes back to January of 2003. We will fill in the remaining history as time permits.

Why look at history? It puts current conditions into perspective. As you can see, current inventory of homes for sale is at a three year high. Further evidence of the cooling (or is it cold?) market we are in this year. And, it started cooling last June.

We also changed the "Listing Rate" defined as rate new listings are added with "Net New Listings" defined as new listings minus new under contract (pendings). This is a more intuitive indicator of what is driving the market.

More time consuming work to be done to add the remaining charts.

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