In October 2013, there were a total of 1,061 homes sold in Fairfax County. This is an 8% increase from 2012, but a 5% decrease from September. The total value of those homes was $554,067,937, an 18.5% increase from 2012 but a 7.5 decrease from the previous month.
The median value of a home sold in Fairfax was $440,000, up 6% from the previous year but a 3.5% decrease from September. On the other hand, the average value of a home sold was $522,213, a 10% increase from 2012 and only a 3% decrease from the month prior. When a home was sold openly in the housing market, the property fetched 97.47% of the original asking price, a 0.3% increase from 2012 and a 0.3% decrease from September. This means that if a home was listed for $500,000, the seller would receive about $487,350.
When the month had ended, there were 2,607 active listings, which is nearly a 16% increase from the previous year. Of those listings, 1,489 of them were new, a 14% increase from 2012. Since there were 1,115 homes sold in Fairfax County in the month of September, the 2,607 active listings comprises more than a 2 month supply of homes, indicating that the housing market is very healthy. The average days a house sat on the market is also improving, down to 35, a 22% decrease from 2012. The market may be healthy, but if you want to sell your home fast in VA, MD, or DC, Express Homebuyers is the way to go. We pledge to buy your home in as little as 7 days, and we’ll give you a firm and fair offer! Contact us today to get the process started! 877-804-5252