Prices of single-family homes declined year-over-year, but townhouses and condominiums saw increases across Fairfax County in November, according to new data.
The average sales price of a single-family home countywide dipped 3.2% to $1,138,036, according to figures reported Dec. 10 by MarketStats by ShowingTime.
The Washington metro area is the only part of the Mid-Atlantic region where home sales prices are projected to decline next year.
In a forecast issued Wednesday (Dec. 3), multiple-listing service Bright MLS predicts the median sales price of homes sold in the D.C. region in 2026 will drop 1% to $616,700, following a projected 3% increase in 2025.
Airlines at a growing Dulles International Airport will see higher operating costs in 2026 under a new budget adopted Nov. 19 by the Metropolitan Washington Airports Authority (MWAA).
The $889.5 million package, adopted unanimously by the authority’s board of directors, estimates that the “cost per enplanement” at Dulles will rise from the $11.17 budgeted in 2025 to $12.77 in 2026 — an increase of about 14%.
In the wake of the country’s longest-ever federal government shutdown, a key safety-net organization is calling for a renewed emphasis on helping lower-income, working residents achieve economic independence across Fairfax County and the broader D.C. region.
While welcoming the shutdown’s end on Thursday (Nov. 13), United Way of the National Capital Area President and CEO Rosie Allen-Herring said at a briefing that morning that her organization believes “the impact will be felt, for thousands, for months ahead.”
Fairfax County’s October home-sales market had its best showing since July, with total sales volume up 10% month over month and 12.8% year over year.
A total of 1,027 residential properties went to closing in October, according to figures reported Nov. 11 by Bright MLS, the region’s multiple-listing service. That’s up 6.6% from 963 sales in October 2024.
Just under 10% of Fairfax home-sellers cut their asking prices last week, but more prospective buyers were on the hunt for homes in the county, according to new data.
Countywide, listing prices were reduced for a total of 9.9% of active listings during the week that ended last Sunday (Nov. 2), according to figures reported by Bright MLS, the region’s multiple-listing service.
The Reston and Herndon business corridor was the standout for office leasing across Northern Virginia in the third quarter, according to new data.
While total leasing volume regionwide dipped 25.8% year-over-year, the Reston and Herndon area posted its best performance in three years and totaling about one-third of leasing activity in Northern Virginia as government contractors shrugged off economic challenges and looked toward higher defense spending, according to Savills Research & Data Services.
A quarterly survey of Northern Virginia business leaders shows an increasing level of concern about the near-term future of the region’s economy.
Just under half the 120 business leaders surveyed — 49% — foresee the economy declining either “slowly” or “significantly” over the next six months, according to results released yesterday (Thursday) by the Northern Virginia Chamber of Commerce and Pinkston for the fourth quarter of 2025.
Retail activity was booming in Tysons for the first half of this year, surging past pre-pandemic levels, the Tysons Community Alliance (TCA) found in a recent report.
Released last month, the retail-focused market report for the second quarter of 2025 offered some positive economic news for Fairfax County at a time when the federal government shutdown and rising unemployment have kept the larger D.C. region on edge.
A Reston-based information technology company may lay off nearly 100 people by the end of this year.
Citing “uncertainty around the future of some contracts with federal agencies,” the contractor Peraton issued layoff notices to 92 employees earlier this month, the Washington Business Journal reported last week.
