Fairfax Real Estate Market | April 2006
May 17, 2006
About Market Trends: Data for the tables and charts is derived from the local MLS (MRIS), the Dulles Area Association of REALTORS® and the Northern Virginia Association of REALTORS®. Official public data is normally availble by the 10th of the month following the month in question.
Buyer Intensity
The Fairfax Buyer Intensity Index (Fairfax BII) is simply an indicator of buyer intensity at any point in time (monthly). Positive index values means more property is being sold than there are active listings. Negative index values means fewer properties are being sold when compared to total active listings. Values close to zero indicates a relatively balanced market; number sold is close to number active. An out of balance condition exists when the difference between sold and active is greater than 25% of the number of actives or when the difference is less than 20% of the number of total actives.
Data Points
| Fairfax County | Single Family Residential |
| ■ Avg Sales Price |
$564,250 |
|
■ |
■ |
| ■ YTD Avg Price |
-7.10% |
|
■ |
■ |
| ■ 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 |
-0.59 |
↓ |
■ |
■ |
| Competition: |
Favorable to buyers |
| Market Momentum: |
Buyers |
| Price Momentum: |
Buyers |
*Trend: change from previous month
*Index: Sold is 59% lower than total active
|
|
| Fairfax County | Single Family Residential |
| ■ Avg Sales Price |
$597,167 |
↑ |
■ |
■ |
| ■ YTD Avg Price |
-1.64% |
|
■ |
■ |
| ■ New Listings |
3,123 |
→ |
■ |
■ |
| ■ Active Listings |
5,633 |
↓ |
■ |
■ |
| ■ New Contracts |
1,291 |
↓ |
■ |
■ |
| ■ Number Sold |
1,024 |
↑ |
■ |
■ |
| ■ Weeks Backlog |
10.5 |
→ |
■ |
■ |
| ■ Days on Market |
-- |
|
■ |
■ |
| ■ % of List Price |
-- |
|
■ |
■ |
| ■ Builders Sold |
-- |
|
■ |
■ |
| ■ Buyer Intensity |
-0.59 |
→ |
■ |
■ |
| Competition: |
Favorable to buyers |
| Market Momentum: |
Buyers |
| Price Momentum: |
Buyers |
*Trend: change from previous month
*Index: Sold is 59% lower than total active
|
|
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