A combination of more sales and higher average prices pushed Fairfax County’s real estate sales volume up 17% year-over-year in May, according to new data.
A total of 1,427 residential properties went to closing last month, up 11.7% from 1,278 in May 2025, according to figures that MarketStats by ShowingTime reported June 10 based on data from Bright MLS.
The average sales price of all homes going to closing during the month countywide was $940,507, up 5.7% from a year before, with increases recorded in all three legs of the market:
- The average sales price of single-family homes was $1,222,684, up 7.1%
- The average sales price of attached homes — including townhouses and condominiums — was $586,999, up 3.2%
- The average sales price in the condo-only segment was $431,752, up 1%
Detached single-family properties represented 53% of all county transactions for the month, down slightly from 56% a year before.
Add up the sales and prices, and total volume for May was $1.32 billion, an increase from $1.28 billion during the same month in 2025.
On a per-square-foot basis, the average cost of $378 in May countywide was up from $370 a year ago, running slightly above the year-to-date average of $377.
In May, homes that went to closing spent an average of 14 days on the market, unchanged from last year, and garnered 100.9% of listing price, up from 100.1% a year ago.
Pending sales at month’s end totaled 1,453, up 10.3% from May 2025. Pending sales typically translate into concluded transactions within a month or two of posting.
The number of listings on the Fairfax market at the end of the month (1,810) was up 2.4% from a year ago.
Fairfax City sales drop
The City of Fairfax saw a total of 27 homes sold in May, down from 39 a year ago, according to Bright MLS figures.
The overall average sales price of $811,882 was up 4%, with the single-family segment recording an increase of 3.3% to $931,061. Total sales volume was $21.65 million, down 28% owing to fewer sales.
Pending sales were down 43% to 35 for the month in the City.
D.C. region sees record median sales price
Across the Washington metropolitan area, May’s overall median sales price of $680,000 was an all-time high, as was the median single-family sales price of $900,000.
“The Washington D.C. metro area is a tale of two markets,” said Lisa Sturtevant, chief economist for Bright MLS, the region’s multiple-listing service.
“Higher-income buyers are putting upward pressure on the single-family market, as inventory remains low and prices continue to rise,” she explained. “There are fewer first-time and moderate-income buyers. Buyers who are in the market will have more leverage in the townhome and condo markets, where inventory is expanding.”
Despite a drop in new inventory, buyers were highly active in the D.C. metro area, with closed sales surging 8.7% year-over-year to 5,207, Bright MLS noted.
Homes across the metro area sold at a “very fast” median pace of eight days, unchanged from a year ago, Sturtevant said.
Figures represent most, but not all, homes on the market. All May 2026 figures are preliminary and subject to revision.
