Falls Church is an area that comprises about 5 different zip codes as well as an the incorporated city of Falls Church. For this market
All numbers for Falls Church continue to show a healthy market. Prices are steadily climbing and sellers are capturing their asking price 99.25% of the
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The market in the City of Falls Church continues to show great signs of improvement. With active listings down over 22%, homes sold up almost 89%, and days on market (DOM) down 15%, all indications are that the market is stabilizing. The average sales price is down 20% over the same time period as last year, but this reduced price has obviously sparked buyers to get out and buy the inventory on the market.
The market in the City of Falls Church is hot! Compared to the same time last year, there is one-third less inventory. In addition, sales are almost double what they were last year. However, we do see that average sales price is lower by almost 8%, but this is a far cry from what we have seen over the last couple of years. It is my opinion that our current market is the bottom of the market–or just off the bottom–at this time.
The City of Falls Church housing market is alive and well! We are seeing increases in both the number of homes sold and average sales price over the same period of last year. In fact, average sales price have increased almost 7%! Plus, there is also a decrease in the average time on the market as well as active inventory. This is a prime example of a performing market inside the Capital Beltway.