Fairfax County Real Estate – When is the Best Time to Buy?

 

The best time to buy a house depends on the type of property you are looking for. If you are looking for a home in Fairfax County, Virginia, you may want to consider buying a luxury home. If you're selling a home, it's best to go to Del Aria Team and try for free market analysis.

Fall

Investing in Fairfax County real estate is an excellent way to invest in a new home. The market is warming up and sellers are lining up to buy homes at affordable prices. In some neighborhoods, such as Vienna, builders are dropping notes on home owners offering to buy their homes in cash. In fact, an article in Money Magazine ranked Vienna as one of the best places to live in the country.

January

The winter months can be a wonderful time for home buyers to find a great deal. This is especially true if you're looking to purchase investment properties. This is because the competition is low, and you have plenty of time to find a house and negotiate its price.

September

In the past month, 1324 homes in Fairfax County have sold. This includes six33 single-family homes, 1002 townhouses, and eight multi-family properties. To help you narrow down the search, Redfin has filters for price, square footage, beds, and baths. You can also find properties by using Redfin's Fairfax County office, located at 2001 S Street NW.

October

October is the best month to purchase Fairfax County real estate, according to recent data. Prices were up 6% last month, but prices per sq ft were down. The median sale price was up 5% from last August to $635,000 this month. However, it was down 2% from July. There were 1,303 new listings for sale this month compared to 1,923 new listings in September. The average price per sq ft was $249. There were seventy-six percent of buyers originating from nationally versus 25% locally.

November

The best time to purchase Fairfax County real estate varies depending on your personal situation and priorities. Prices are typically lower in January than in November. You can purchase a home for as little as $43,834 in January. In November, however, prices tend to be the highest.

December

If you're thinking about buying a home in Fairfax County, Virginia, you may be wondering whether December is the right time of year. This is because Fairfax County's annual assessment program will change effective January 1. The new assessment system is designed to ensure that all real estate assessments accurately represent their fair market value.

Spring

If you're looking to buy a home in Fairfax County, Virginia, you may want to consider buying in the spring. Unlike the fall, where demand for homes is lower and inventory levels are low, spring offers buyers more options. While spring and summer are great times to buy, many people put home shopping on hold until September or October. During these months, sellers often get desperate to sell their homes before the end of the tax year.

Summer

The most popular time to buy Fairfax VA real estate is the summer. In the winter, prices drop. Buyers aren't as aggressive, and a good deal may be available. And since winters can be cold, sellers are motivated to sell. They may be moving out of state or relocating for a new job. In addition, traffic in new developments slows down around the end of the year.

Winter

If you're looking to buy a new home, now is the time to consider a move to Fairfax County. Winter is traditionally the lowest selling season for homes in the county, which means lower home prices. The median home price was $364,900 in January 2022, a 19 percent decline from January 2018. The market is also typically quieter during this period, with fewer homes for sale.