This market profile is a snapshot of what is happening in Fairfax. Fairfax home prices are down slightly this week but have basically settled at a plateau. Listing inventory has been tightening and days-on-market has been increasing. The Market Action Index has been essentially flat.
| Fairfax Real Estate Market Update | |
| Median List Price | $704,500 |
| Asking Price per Square Foot | $505 |
| Average Days on Market | 144 |
| Percent of Properties with Price Decrease | 46% |
| Percent Relisted | 0% |
| Median House Size (sq ft) | 1,808 |
| Median Lot Size | 8,001-10,000 Sq. Feet |
| Median Number of Bedrooms | 3.0 |
| Median Number of Bathrooms | 2.5 |
| Market Action Index | 14 – Cold! Buyer’s Market |
The Market Action Index answers the question “How’s the Fairfax Real Estate Market?” By measuring the current rate of sale versus the amount of inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
Fairfax Real Estate Market Data effective as of January 20, 2009. Data provided by AltosResearch. Are you a Marin real estate junkie? Sign up to receive very detailed real-time market reports in your email. Just register and let me know which neighborhoods you are interested in. Download a sample report.