The cost to rent an apartment is increasing in some parts of Fairfax County, but declining in others.
Four of seven corridors of the county posted year-over-year drops in median rental prices in November, while the other three showed increases, according to new data from Apartment List.
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.
A new housing subdivision is taking shape in McLean.
Knolewood will bring 24 single-family houses to a 25-acre expanse near the corner of Lewinsville Road and Lancia Drive that represent the last remaining undeveloped parcels in McLean, TTR Sotheby’s International Realty announced last Thursday (Nov. 13).
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.
Fairfax County in October saw rising year-over-year apartment rents in most corridors except Tysons, which saw a decline but remains the priciest area countywide.
Six of seven areas across Fairfax posted median rent increases ranging from less than 1% to 7%, according to figures reported Oct. 30 by Apartment List.
Home sales and average sales prices across Fairfax County rose in September, as buyers cashed in on lower interest rates despite ongoing economic concerns.
A total of 953 properties went to closing for the month, up from 920 in September 2024, according to figures reported Friday (Oct. 10) by Bright MLS, using data from MarketStats by ShowingTime.
The median rental cost for apartments in Tysons was down year-over-year last month but in most other areas of Fairfax County, it continued to rise, according to new data.
Tysons still maintained its ranking in September as the county’s most expensive corridor tracked by Apartment List, with a median rent of $2,389 for a one-bedroom unit and $2,865 for two bedrooms. But rental rates declined 0.7% year-over-year.
The number of days on the market for homes that sold across Fairfax County in August was up 50% from a year before, according to new data.
The average of 24 days between listing and ratified sales contract — up from 16 in August 2024 — is a more modest jump than what D.C.’s closer-in suburbs have seen, but it still suggests prospective buyers are taking their time.
An apartment community near Dulles International Airport has changed hands.
The developers Bozzuto and Invesco Real Estate recently acquired Ashton at Dulles Corner — a 454-unit garden apartment complex at 13958 Mansarde Avenue in the McNair area south of Herndon — as part of a $330 million investment.
