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Fairfax, Loudoun County Virginia -Residential Real Estate Market Blog

Keep yourself up to date with the Northern Virginia Real Estate market and other local Northern Virginia information. Have a question or thinking about buying or selling home call Ritu Desai at Samson Properties at 703-625-4949 or email me at Info@eNOVAHomes.com.

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  • Northern Virginia -Fairfax, Loudoun, Alexandria, Arlington & Prince William Blog, real estate Market condition written by Ritu Desai at Samson Properties.
Fairfax County -Sept 2010 Real Estate Market Trend Report
September does bring in a change in the season but also brings in a lot of changes in the Virginia Real Estate market place and daily life of Virginians. Back to schools, short day light, Oktoberfest, apple cider and pumpkin patch....

From my buyers perspective they are wondering where is the inventory??? But the media projects we are into buyers market and housing has slow down. It may have cool off since less number of homes are being listed on the market at the same time the pool of buyers also shrink during this time of the year. We call it typically falls break for Realtor.

As the charts shown below indicates inventory continues to be low in the Fairfax County Virginia Real Estate market. While averages days on the market has reduced further & which brought an increase in the average sales price compared to the last year this time. Convention(660 units sold), FHA (318 units sold), VA (132 units sold) are the top financing options of the buyers while cash(175 units sold) has been a major player in the multiple contract (bidding war).

 





Associate Broker
EcoBroker, ABR, ePRO
Samson Properties
Cell - 703-625-4949
Email - info@eNOVAHomes.com
Web: www.eNOVAHOMES.com


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