MyMarketPulse (mymarketpulse.com) just released its analysis of the February 2024 market data for Fairfax, Virginia.
February 2024’s data reveals a Median Sale Price of $725,000 for homes in Fairfax. This figure represents a unchanged of month-over-month and a 1.40% year-over-year increase.
Sales of homes in the region saw 9 homes changing hands. This represents an increase of 80.00% from the month before and up 28.60% compared to the same month last year.
Additionally, the Median Days on Market for listings was observed at 15 days, 17 days shorter compared to the previous month and shorter by 78 days from last year.
With a Market Pulse Score of 78, the analysis suggests a falling trend in Fairfax’s housing market momentum.
For more information about the Fairfax, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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