What did the Falls Church, Virginia market look like in April 2022? Homes sold quickly and over list price. In Falls Church 26 homes sold with an average of 45 days on market and a median of 6 days on market. The average sale price was $1,131,524 and the median sale price was $1,062,376. Perhaps the most impressive stat however was homes sold for an average of 4.8% over the asking price!
As you can see, the Falls Church Real Estate market, as of now is still very actively a seller’s market. The recent rise in interest rates has caused a shift in the market, and unless you have a crystal ball, the exact effects of that shift are unpredictable. Although this is an uncertain time, I can tell you that despite the rise in interest rates, houses are still selling, with multiple offers and for top dollar. If you would like to know more I would be happy to answer any questions you have.
Follow me on social media for more Real Estate tips, market updates, and current content you don’t want to miss!