No records are being broken in Fairfax county and the days on market is still stubbornly high compared to 2012 and 2011 but the units rented and the average rents are on the rise. We seem to be trending very similar to previous years with some rental housing units cropping up for sale due to the high demand by buyers in the marketplace.
Some of our underwater Landlords are seeing appreciation of housing in the area affording them the opportunity to sell their properties at break even points or even a small profit. This trend will continue for the rest of the year and will probably reduce the available rentals through September when the market starts to cool down.
To view the charts got to our resources page: Resources
About The Author
Eric Guggenheimer - SFR, ARM ® » Principal Broker, Certified Property Manager, IREM, ARM, NARPM, NVAR, NAR, VAR
