Home prices in Fairfax County were up in August, compared with a year earlier, and home listings and sales were down.
The latest report from the county’s Office of Management and Budget lists the average sales price as $568,769. That’s an increase of 2.9 percent over the August 2016 average sales price of $552,478. The prices may have risen because only 3,106 homes were listed for sale in August. That’s a decrease of 9.5 percent from the 3,431 listed in August 2016.
In August, 1,459 homes were sold in the county, a decrease of 6.5 percent from the 1,561 homes sold in August 2016.
Fairfax County’s unemployment rate dropped a fraction in July, from where it was in June, sliding 0.1-percent to 3.1-percent. The actual number of people unemployed decreased from 20,571 to 20,263. The rate is down 0.2-percent compared with July, 2016.