Countywide

A constrained supply of housing has sent prices soaring in Fairfax County, according to new data from a budding real estate startup.

The county’s median home sales price for May exceeded $1 million — $1,033,550, to be precise — which means that half of the homes sold cost more than that, Tomo reports. That’s a roughly 18% increase from the preceding six months of sales, which averaged $870,000, and it surpasses the median price of $882,000 from May 2023.


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