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