Fairfax Single Family Trends | August Update

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September 11, 2007

The chart showing Fairfax Single Family homes less than $1,000,000 is updated with August data. Fairfax prices seem to be holding up better than its sister counties, Loudoun and Prince William. Prices remain relatively flat month to month but, the gap between "original list price" and "net sold price" is getting wider and is close to 7%. Homes are selling for about 2.5% above average assessed value.

The daily market watch is showing a significant decline in "contract list price" that is a leading indicator of where prices are headed (see related article).

Comment on Fairfax Single Family Trends | August Update. Follow this article is off. More articles like this one filed in: Fairfax County Market News

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