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Fairfax County Real Estate Market Conditions - May 2008

By
Real Estate Agent with RE/MAX Allegiance

Fairfax County Real Estate

Our Team constantly monitors local real estate statistics to inform our clients. Below you will find real estate stats for the month of May 2008.

In May, the total number of active listings on the market in Fairfax County was 7084. Of those active listings, the minimum list price was $87,852 while the maximum list price was $17,500,000. The average list price was $630,604. The average number for property days on the market is 116.

The number of listings under contract was 1466. Of those listings under contract, the minimum list price was $96,500 while the maximum list price was $4,950,000. The average list price was $472,869. The average number for property days on the market was 83.

The number of listings that were sold & settled in May was 1217. Of those listings sold, the minimum list price was $89,900 while the maximum list price was $4,247,000. The average list price was $490,466. The average number for property days on the market was 93.

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