Fairfax County Real Estate Statistics

According to our MLS data (MRIS), the following data was recorded for Fairfax County homes for December of 2008.

2008 2007 % Change

Total Sold Dollar Volume: $ 463,887,046 $ 454,787,544 2.00 %
Average Sold Price: $ 403,380 $ 540,128 - 25.32 %
Median Sold Price: $ 320,000 $ 430,000 - 25.58 %
Total Units Sold: 1,150 842 36.58 %
Average Days on Market: 96 112 - 14.29 %
AvG. List Price for Solds: $ 444,292 $ 595,870 - 25.44 %
Avg Sale Price as a
percentage of Avg List Price: 90.79 % 90.65 %


I thought this was good data to publish as it's a great indicator of the overall market. Sales prices have decreased by 25% since December of 2007 and buyers are recognizing the good values out there thereby increasing our total units sold for 2008 by 36%! This is indeed a great time to buy a home. More and more investors are starting to come out and play again. The numbers are finally starting to make sense.

Vicky Noufal
703-402-5416