1.
Focus On: Fairfax County Housing Market December 2010
Units Sold Active Inventory Median Sale Price Days On Market
1,026 2,815 $390,000 50
2,000 7,000 500,000 80
6,000 70
400,000
1,500 5,000 60
300,000 50
4,000
1,000 40
3,000 200,000 30
2,000 20
500
100,000
1,000 10
0 0 0 0
D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10
Down -2% Down -16% Up 8% Up 32%
Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago
Units Sold*
Sold Detached Sold Attached Sold Condo/ Coop
1,000
900
Units Sold
800
There was an increase in total units sold in December, with
700
1,026 sold this month in Fairfax County versus 944 last
600
month, an increase of 9%. This month's total units sold was
500
lower than at this time last year, a decrease of 2% versus
400 December 2009. The current month's total is lower than the
300 twelve month average of 1,147.
200
100
0
Active Inventory*
Active Detached Active Attached Active Condo/ Coop
7,000
6,000
5,000
Active Inventory 4,000
3,000
Versus last year, the total number of homes available this
month is lower by 554 units or 16%. The total number of 2,000
active inventory this December was 2,815 compared to 3,369 1,000
in December 2009. This month's total of 2,815 is lower than
0
the previous month's total supply of available inventory of
3,464, a decrease of 19%.
Median Sale Price
500,000 Median Sale Price
Last December, the median sale price in Fairfax County was
400,000 $361,000. This December, the median sale price was
Dec-10 $390,000, an increase of 8% or $29,000 compared to last year.
300,000 Dec-09
$390,000 The current median sold price is 4% higher than in November.
$361,000
200,000
100,000
Median sale price is the middle sale price in a given month. The same number
0 of properties are above & below the median.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster’s
knowledgeable and experienced sales associates.
Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not
reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not
constitute an opinion of MRIS or Long & Foster Real Estate, Inc.

2.
Focus On: Fairfax County Housing Market December 2010
New Listings Current Contracts Sold Vs. List Price Months of Supply
790 859 97.2% 2.7
3,500 2,000 100% 10
3,000 99%
1,500
2,500
98%
2,000
1,000 97% 5
1,500
96%
1,000 500
500 95%
0 0 94% 0
D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10 D-08 A-09 A-09 D-09 A-10 A-10 D-10
Down -18% Up 14% Down -0.4% Down -15%
Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago
Months Of Supply
Months of Supply
6.4
7
5.9
6 In December, there was 2.7 months of supply available in
5.0
4.7
4.4
4.3
Fairfax County, compared to 3.2 in December 2009. That is a
4.3
4.2
5
4.1
3.7
3.5
3.5
3.5
3.4
decrease of 15% versus a year ago.
3.3
3.2
4
3.1
3.1
3.1
3.0
3.0
2.9
2.7
2.7
2.7
3
2 Months of supply is calculated by dividing current inventory by current sales. It
1 indicates how many months would be needed to sell all of the inventory
available at the current rate of demand.
0
New Listings & Current Contracts
Number of New Listings Total Pending
3,500
3,000
New Listings & Current Contracts 2,500
This month there were 790 homes newly listed for sale in 2,000
Fairfax County compared to 960 in December 2009, a 1,500
decrease of 18%. There were 859 current contracts pending 1,000
sale this December compared to 756 a year ago. The number
500
of current contracts is 20% lower than last month.
0
Sale Price/ List Price & DOM
Avg Sale / Avg List Average DOM
99% 80
98% 70 Sale Price to List Price Ratio
98% 60 In December, the average sale price in Fairfax County was
50
97% 97.2% percent of the average list price, which is 0.4% lower
40
97% than at this time last year.
30
96%
96%
20
10
Days On Market
95% 0 This month, the average number of days on market was 50,
higher than the average last year, which was 38, an increase
of 32%.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster’s
knowledgeable and experienced sales associates.
Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not
reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not
constitute an opinion of MRIS or Long & Foster Real Estate, Inc.