Falls Church December 2022 Home Sales:

• 62 homes went under contract in Falls Church. This is down 40% from the same time period in 2021.

• 21% of the homes that went to settlement December 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $719,952 (up 10% from the same time period in 2021 when it was $654,108).

• 47 homes came on the market. That’s down 33% from December 2021.

• Homes that sold (closed) averaged 39 days on market, 10 days slower than in December of 2021.

• There is currently a 0.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 93 Falls Church homes for sale (townhouse, condo and single-family).

Additional Year-End Stats – 2022 vs 2021:

Average sold price increased by 4.5% ($711,319 vs $680,808)

Total units sold decreased by 23%

Average sales price to original list price ratio increased slightly – 100.4% vs 100.3%

OVERALL: Falls Church continued to be a Seller’s Market.   Inventory decreased from the prior month but was up 13% year-over-year.  The number of homes going under contract and the number coming on the market decreased…and both of these numbers continue to be down significantly from this time last year.  Average sold price was up from November as well as compared to the end of December last year.

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.5 month supply of homes, and the price point below $800,000 has a 0.7 month supply. 

Falls Church November 2022 Home Sales:

• 67 homes went under contract in Falls Church. This is down 45% from the same time period in 2021.

• 43% of the homes that went to settlement November 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $698,970 (up 9.3% from the same time period in 2021 when it was $639,311).

• 96 homes came on the market. That’s down 8.6% from October 2021.

• Homes that sold (closed) averaged 24 days on market, 4 days faster than in November of 2021.

• There is currently a 1.1 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 128 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   Inventory decreased from the prior month and was down 7.3% year-over-year.  The number of homes going under contract decreased but the number coming on the market increased…both of these numbers continue to be down from this time last year.  Average sold price was down from October but up compared to November last year.

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.4 month supply of homes, and the price point below $800,000 has a 1.0 month supply. 

Falls Church October 2022 Home Sales:

• 81 homes went under contract in Falls Church. This is down 44% from the same time period in 2021.

• 42% of the homes that went to settlement October 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $705,643 (up 0.5% from the same time period in 2021 when it was $702,109).

• 89 homes came on the market. That’s down 47% from October 2021.

• Homes that sold (closed) averaged 24 days on market, 5 days slower than in October of 2021.

• There is currently a 1.2 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 139 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   Inventory decreased from the prior month and was down 24% year-over-year.  The number of homes going under contract and coming on the market declined, and both of these numbers continue to be down significantly from this time last year.  Average sold price was down from September but up compared to October last year.

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.5 month supply of homes, and the price point below $800,000 has a 1.2 month supply. 

Falls Church September 2022 Home Sales:

• 94 homes went under contract in Falls Church. This is down 30% from the same time period in 2021.

• 45% of the homes that went to settlement September 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $741,901 (up 10% from the same time period in 2021 when it was $675,065).

• 154 homes came on the market. That’s down 22% from September 2021.

• Homes that sold (closed) averaged 21 days on market, 1 day faster than in September of 2021.

• There is currently a 1.4 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 170 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   Inventory increased from the prior month but was down 18% year-over-year.  The number of homes going under contract decreased but the number of new homes coming on the market increased…however both of these numbers continue to be down significantly from this time last year.  Average sold price was down from August as well as compared to September last year.

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.2 month supply of homes, and the price point below $800,000 also has a 1.2 month supply. 

Additional Quarter-End Stats – 2022 vs 2021

Average sold price increased by 5.9% ($723,156 vs $682,856)

Total units sold decreased by 31%

Average sales price to original list price ratio decreased slightly – 98.8% vs 99.4%

Falls Church August 2022 Home Sales:

• 124 homes went under contract in Falls Church. This is down 18% from the same time period in 2021.

• 56% of the homes that went to settlement August 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $689,539 (up 5.5% from the same time period in 2021 when it was $653,571).

• 131 homes came on the market. That’s down 30% from August 2021.

• Homes that sold (closed) averaged 17 days on market, 3 days faster than in August of 2021.

• There is currently a 1.2 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 148 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   Inventory decreased from the prior month and was down 22% year-over-year.  The number of homes coming on the market decreased as well…and this, along with the number of homes going under contract, continue to be down significantly from this time last year.  Average sold price was down from July but was up from August of last year.

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.5 month supply of homes, and the price point below $800,000 has a 1.1 month supply. 

Falls Church July 2022 Home Sales:

• 113 homes went under contract in Falls Church. This is down 22% from the same time period in 2021.

• 55% of the homes that went to settlement July 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $725,292 (up 0.5% from the same time period in 2021 when it was $721,301).

• 156 homes came on the market. That’s down 16% from July 2021.

• Homes that sold (closed) averaged 14 days on market, 2 days faster than in July of 2021.

• There is currently a 1.3 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 172 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   Inventory increased slightly from last month but was down 12% year-over-year.  The number of homes going under contract was up but new homes coming on the market decreased…both of these numbers continue to be down from this time last year.  Average sold price was down from June but up just a bit compared to July last year.

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.5 month supply of homes, and the price point below $800,000 has a 1.1 month supply. 

Falls Church June 2022 Home Sales:

• 105 homes went under contract in Falls Church. This is down 44% from the same time period in 2021.

• 73% of the homes that went to settlement June 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $745,791 (up 6% from the same time period in 2021 when it was $706,243).

• 203 homes came on the market. That’s down 25% from June 2021.

• Homes that sold (closed) averaged 15 days on market, 1 days faster than in June of 2021.

• There is currently a 1.2 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 167 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.   Inventory increased again from last month but was down 10% year-over-year.  The number of homes going under contract was down from last month but the number of new homes coming on the market was up slightly…both of these numbers continue to be down from this time last year.  Average sold price was down from May but was up compared to this month & quarter in 2021. 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.6 month supply of homes, and the price point below $800,000 also has a 1.2 month supply. 

Additional Quarter-End Stats – 2021 vs 2022:

Average sold price increased by 2% ($723,401 vs $738,524)

Total units sold decreased by 19%

Average sales price to original list price ratio increased just slightly – 102.1% vs 103.1%

Falls Church May 2022 Home Sales:

• 149 homes went under contract in Falls Church. This is down 23% from the same time period in 2021.

• 74% of the homes that went to settlement May 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $775,994 (down 7% from the same time period in 2021 when it was $727,213).

• 179 homes came on the market. That’s down 22% from May 2021.

• Homes that sold (closed) averaged 13 days on market, 1 days faster than in May of 2021.

• There is currently a 0.8 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 107 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.  Inventory increased slightly from last month but was down 26% year-over-year.  The number of homes going under contract were in line with last month but the number of new homes coming on the market was down…both of these numbers continue to be down significantly from this time last year.  Average sold price was up from April, but down from this same time last year. 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.4 month supply of homes, and the price point below $800,000 also has a 0.8 month supply. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”. 

Falls Church April 2022 Home Sales:

• 142 homes went under contract in Falls Church. This is down 20% from the same time period in 2021.

• 76% of the homes that went to settlement April 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $696,695 (down 5% from the same time period in 2021 when it was $730,946).

• 191 homes came on the market. That’s down 21% from April 2021.

• Homes that sold (closed) averaged 17 days on market, 2 days slower than in April of 2021.

• There is currently a 0.7 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 101 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.  Active listings increased from the prior month but were down 28% year-over-year.  Average sold price was slightly from March and down 5% from April 2021. 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 1.4 month supply of homes, and the price point below $800,000 also has a 0.7 month supply. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”. 

Falls Church March 2022 Home Sales:

• 150 homes went under contract in Falls Church. This is down 16% from the same time period in 2021.

• 69% of the homes that went to settlement March 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $730,220 (up 14% from the same time period in 2021 when it was $642,410).

• 175 homes came on the market. That’s down 7% from March 2021.

• Homes that sold (closed) averaged 24 days on market, 5 days slower than in March of 2021.

• There is currently a 0.5 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 73 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.  Inventory increased 6% from last month (but continues to be historically low) and sold prices went up in March. 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 0.8 month supply of homes, and the price point below $800,000 also has a 0.5 month supply. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”. 

Falls Church February 2022 Home Sales:

• 123 homes went under contract in Falls Church. This is up 10% from the same time period in 2021.

• 50% of the homes that went to settlement February 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $579,588 (down 6% from the same time period in 2021 when it was $618,393).

• 143 homes came on the market. That’s up 15% from February 2021.

• Homes that sold (closed) averaged 32 days on market, 4 days slower than in February of 2021.

• There is currently a 0.5 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 69 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.  Inventory increased slightly from last month but remained a big issue and prices were down from the previous month (as well as year-over-year). 

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 0.9 month supply of homes, and the price point below $800,000 also has a 0.5 month supply. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”. 

Falls Church January 2022 Home Sales:

• 95 homes went under contract in Falls Church. This is down 23% from the same time period in 2021.

• 29% of the homes that went to settlement January 2022, sold in 10 days or less from when they hit the market.  

• Average sold price was $591,021 (down 3% from the same time period in 2021 when it was $609,706).

• 79 homes came on the market. That’s down 43% from January 2021.

• Homes that sold (closed) averaged 42 days on market, 17 days slower than in January of 2021.

• There is currently a 0.4 month supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Falls Church – and 58 Falls Church homes for sale (townhouse, condo and single-family).

OVERALL: Falls Church continued to be a Seller’s Market.  Lots more of the same from 2021…very LOW inventory in the area remained a big issue in January.

When we segment this area by price points, it’s still a Seller’s Market across the board.  The market above $800,000 has a 0.7 month supply of homes, and the price point below $800,000 also has a 0.6 month supply. Inventory is low and if the home is priced right it will sell fast and sellers may find themselves in a multiple offer situation if they are priced “competitively”.