Is it a buyer’s or seller’s market?
Is it a Seller's or Buyer's Market in Fairfax, VA? Let's talk May 2025 trends! 🏡📊
The Fairfax and broader Northern Virginia real estate market is currently experiencing a transition towards more balanced conditions. While it's not a full-blown buyer's market yet, the scales are definitely shifting!
Here's what we're seeing:
- More Choices for Buyers! Active listings in Fairfax County were up significantly in May compared to last year. This means more homes for sale, giving buyers more options and less pressure.
- Homes are Staying on the Market Longer. Properties are taking a little more time to sell, which offers buyers more breathing room to make decisions and potentially negotiate.
- Prices are Stabilizing. While home values generally remain strong year-over-year, the rapid price appreciation we've seen is slowing down, and some areas are even seeing slight monthly dips in list prices. Sellers who price competitively are still seeing great results!
What does this mean for YOU?
- For Buyers: You have more inventory and more time to find the right home. This is a great opportunity to be strategic!
- For Sellers: It's still a strong market, but competitive pricing and presentation are key to standing out and selling efficiently.
The market is finding its footing, and it's a dynamic time for both sides. Understanding these shifts is crucial!
Thinking of buying or selling in Fairfax, VA? Let's chat about your specific goals and how we can navigate this evolving market together!
Let’s connect ! Conectemos!
Mary Palma | DM[V] Realtor® • Northern Virginia and Maryland
Connect with Mary! #connectwithmary
Mary Palma - Realtor® Broker/Owner Palma Group Properties
Licensed in Northern Virginia and Maryland
📞 571-259-3009
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