MyMarketPulse (mymarketpulse.com) has unveiled its analysis for May 2024, focusing on the property market trends in Fairfax, Virginia.
The report shows that the Median Sale Price in Fairfax reached $858,750 as of May 2024, marking an increase of 2.2% over the previous month and a 7.3% rise compared to a year ago.
22 homes were sold, an increase 83.3% from the previous month and a decrease of 18.5% from the prior year.
Homes remained on the market for a median of 4 days, which is down 4 days from the month before and down 8 days from the previous year.
Currently, with a Market Pulse Score of 131, Fairfax’s real estate market appears to be experiencing an upturn.
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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