Unemployment down, real estate numbers up in Fairfax County

Fairfax County VA economic indicatorsGraphic: Fairfax County, VA OMB

Fairfax County’s economic numbers are looking good.

Unemployment was down to 3-percent in December, a drop of 0.2-percent from the previous month.

Home sales are up, as are home prices, compared to a year ago. This past January 794 homes sold in the county compared with 743 a year earlier. That’s a boost of 6.9-percent. The average sales price of all homes that sold in January 2017 in the county was $545,772, an increase of 8.1-percent over the January 2016 average sales price of $504,805.

The numbers are from Fairfax County’s Department of Management and Budget. You can read the full report here.

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Ed Tobias
Ed Tobias brings more than four decades of reporting and news management experience to his work at FairfaxNews. Tobias managed news coverage for Associated Press Radio for over twenty years.  This included coverage of the 9/11 attacks, the Iraq War, Hurricane Katrina, the death of Princess Diana, the Challenger and Columbia shuttle disasters and national election primaries, conventions and campaigns.  He was part of the team that built AP’s on-line video operation. Prior to joining AP, Tobias was News Director at all-news WTOP in Washington, D.C. He has won two Ohio State Awards for his reporting and producing and he led coverage that won an Edward R. Murrow Award.