Home prices, home sales and building permits are continuing to rise in Fairfax County.
The average sales price of a home was $563,377 in March. That’s up 6.2 percent from a year earlier.
There were 1,256 homes sold that month and that’s a hike of 16 percent over March, 2016.
Houses on the market are selling quickly, as well. On average, homes that sold in the county in March were on the market for 53 days. That’s 16 days fewer than the 69 day average in March 2016.
You’re likely to be seeing more new single family homes on the market soon, since there was a 23.1 percent boost in the number of building permits issued in the first quarter of 2017 compared with the first quarter of 2016.
The numbers are contained in latest report from Fairfax County Office of Management and Budget.