There were a total of 1,115 homes sold in Fairfax in September, which is about an 11% increase from September of 2012, but a 25% decrease from the previous month. The total value of those homes was $599,014,682, a 21% increase from 2012 but a 23% decrease from August.
The median value of a home sold in September was $456,000, an 8% increase from 2012 and a 2.5% decrease from August. On the other hand, the average value of a home sold was $537,233, a 9.5% increase from the previous year and a 2% increase from the month prior. When a home was sold on the open market, the seller received about 97.8% of their original asking price. This means that if the home was listed for $500,000, the seller would end up receiving about $489,000 when all was said and done.
At the end of the month, Fairfax County had 2,720 active listings, a 5% increase from the previous year. Of those listings, 1,704 of them were new, which is a 13% increase from September of 2012. Given that there were 1,489 houses sold in Fairfax in August, the 2,720 active listings comprises nearly a 2 month supply of homes, meaning that the housing market is very healthy. Another good sign for the market is that when a house was listed it took an average of 34 days to be sold, which is a 24% decrease from the 45 days it took the previous year. When you sell to Express Homebuyers, we can buy your home in less than a quarter of that time, just 7 days! If you’re looking for the best way to sell your home fast in VA, MD, or DC, then contact Express Homebuyers today to get started!
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