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Winter 2012 Market Update
In my opinion, go for the foreclosures that are already bank-owned. If you end up writing or considering a Short Sale, do your homework. Often times, making an offer on a short sale can cost you months of waiting to hear whether your offer will be accepted by the bank(s).
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| Average Home Price | $350,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 20-25% |
| Average Time on Market | 90-120 days |
| Prices As % of Asking Price | 85-90% |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Multiple Offers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Other |
| Average Sold Price | $350,000 - View Graph Trend |
Fairfax Local News
News for Fairfax, VA - June 20th, 2011 10:22am
Every city in Fairfax county has brisk home sales. Most homes which are properly priced are selling within 30 to 60 days. The nicest homes sell in less than 30 days. Unemployment in the Fairfax county area is right at 6% far below the national average. The population growth of the greater DC Metro area is on a steady upswing. The future of Northern Virginia Real Estate still looks positive for years to come.
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Mortgage Rates
– Feb 13th, 2012 –
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30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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