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Fairfax County

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A K

Elite Member
Joined
Jul 31, 2013
Professional Status
Certified Residential Appraiser
State
Maryland
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Fairfax County active listings approaching 2013 lows.
 

TJSum

Elite Member
Joined
Nov 12, 2007
Professional Status
Certified Residential Appraiser
State
Maryland
Many areas in the DC region are showing a real shortage in inventory. Seen some crazy contracts this spring because of it, prices were stable at best since last spring and now they are trying to take a 10% +/- jump overnight. A lot of crazy offers out there, but as of yet very few have settled to support higher pricing.
 
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A K

Elite Member
Joined
Jul 31, 2013
Professional Status
Certified Residential Appraiser
State
Maryland
Many areas in the DC region are showing a real shortage in inventory. Seen some crazy contracts this spring because of it, prices were stable at best since last spring and now they are trying to take a 10% +/- jump overnight. A lot of crazy offers out there, but as of yet very few have settled to support higher pricing.

That's what I am seeing as well at the low end of the price range in further out neighborhoods like Germantown and Olney. 5% to 10% price jumps in March / April contracts versus Feb / March closings. Prices still less than pre-financial crisis highs though.
 
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