Fairfax County’s average home sales price tiptoed toward $1 million in April, as the spring buying market was dominated by upper-end properties.
“There is significant pent-up demand in the marketplace, but higher-income buyers are the ones primarily driving activity while budget-conscious buyers remain more sensitive to rate volatility and economic uncertainty,” said Lisa Sturtevant, chief economist for Bright MLS, the region’s multiple listing service.
Construction is progressing on a new townhome neighborhood near the Vantage Hill Condominiums in Reston.
Two buildings containing the first seven of 28 houses planned in The Fairland at Vantage Hill are on track to be completed this summer, likely in July or August, according to Craftmark Homes sales manager Lori Windsor.
Apartment rents dipped year over year across most of Fairfax County in April, according to new data.
Seven of eight different geographic corridors of the county posted declines of between 0.8% and 2.9%, according to figures reported yesterday (Tuesday) by Apartment List.
First-quarter home sales were up across Fairfax County, but pricing data offered mixed signals about the state of the market, new figures showed.
A total of 2,192 properties went to closing between Jan. 1 and March 31, according to data from MarketStats by ShowingTime. That’s up 5.2% from the 2,084 transactions during the same period in 2025.
Fairfax County saw solid home sales and increasing prices in February, but the U.S. war in Iran and its potential to exacerbate existing affordability challenges may cloud the springtime market.
Sales countywide for the month totaled 691, up 6.2% from a year before, according to figures reported Tuesday (March 10) by MarketStats by ShowingTime.
Apartment hunters across most of Fairfax County are seeing lower rental rates than they were at this time last year, but higher costs are likely come springtime, according to new data.
Six of seven Fairfax communities included in Apartment List’s March rental report for the D.C. area showed year-over-year declines in median asking rents during February.
Elevated prices didn’t stop new homeowners from flocking to Burke last year, drawn to its traditional suburban environment and proximity to amenities like shopping centers and parks.
The mostly residential community in the heart of Fairfax County at 22015 topped Northern Virginia Magazine’s recently released ranking of the Top 20 Hottest Zip Codes in Northern Virginia.
Fairfax County bucked a regional trend downward by recording higher year-over-year home sales in January.
A total of 568 properties went to closing for the month, according to figures reported Feb. 10 by MarketStats by Showing Time. That’s up slightly — 1.4% — from the 560 transactions in January 2025.
Apartment hunters in Fairfax County are getting better deals than they did a year ago, with prices significantly discounted from the market peak last summer.
Median apartment rents in five major Fairfax corridors all showed declines in January compared to a year before, according to figures reported Jan. 28 by Apartment List. But all remained above the median rate for the D.C. metropolitan area of $2,116 for the month, price-wise.
To support its ambitions for future development, Reston Town Center’s owner and manager is letting go of one of its existing properties.
BXP confirmed to FFXnow that it is selling the Signature apartments at 11850 Freedom Drive as part of a broader plan to hand off “select” land, residential and office properties and use the proceeds to fund new construction.
