Circle Stats

• As of June 2014 UNITS RENTED is up by 6.5% compared to 2013 (Positive for Owners)

• Average Rent year over year is up 1/2%, ($2,2293) (Positive for Owners)

• Supply of Rental Units is 1.3 months supply (Positive for Owners)

Rental Supply

Currently on the market is 1248 rental units available as of June 7th 2014, with 883 Units Rented in June, this leaves us with a 1.3 Months supply of rentals on the market.

Days On Market (DOM)

Despite these fabulous numbers the Days on Market (DOM) remain a little high compared to previous years. 

Average Rent

Our averages are inline with previous years but we are still higher for June then the previous three years.

Sales are Down

Sales of homes in Fairfax are down slightly in June, a stark difference from last month where we saw a 30% drop as compared to May 2013. We are seeing allot more price reductions and many more For Sale signs. June "average sold price" did increase by 2.94% compared to 2013 and Sold dollar volume decreased by -12.63% compared to June 2013. Units Sold also decreased by double digits -15.13% as compared to June 2013 which could be evidence of some softness. Detached units sold volume decreased the most and I would attribute to the very large increase in average sales price. We have seen prices return to the pre-crisis levels reducing the available pool of buys, we simply have less qualified buyers and in most cases do not have the funds for down payment.

Active Listings 6/2014  3560 / Active Listings 6/2013  2337 + 52.33%

New Listings 6/2014  2134  /  New Listings 6/2013  1914  + 11.49%

This report is prepared monthly with data collected from MRIS. Circle Property Management is a Licensed Broker and a member of NVAR,  a user of the MLS service provided my MRIS. We make every effort to collect the data but provide no guarantee of the statistical data in our charts.