The closed sale rate was significantly slower this February vs February 2014 for most of the county. Only Alexandria and Fairfax City had more closed sales this February than last. However, based on the business I have been seeing over the past 6-8 weeks we are in for a real resurgence.
In Fairfax Station alone there have been multiple sales in the past few weeks which contrasts strongly with the lethargy we saw in the second half of 2014. Buyers seem to be out looking for homes and those homes that are nicely maintained, staged and priced well are moving quickly. Buyers are still cautious however and it may still take an average of 30-45 days for a home to sell.
Here is a video explanation of some of what we have been seeing...
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