As our lives continue to be disrupted by the Coronavirus, I will be posting weekly updates on the Vienna, Arlington, and Falls Church real estate markets. Today, I’m focusing on Falls Church. Given the timeframe, I focused my attention on new listing activity since last Monday, March 16th.
Market Statistics in Falls Church: March 16-March 26th, 2020
• There are 74 new home listings in Falls Church since last Monday, compared to 74 in the same period of 2019.
So no change this year over last in terms of new listings.
• 45 homes went under contract in Falls Church over the past 11 days. During the same period of 2019, 67 homes went under contract.
That translates to an 32% decrease in homes under contract since last Monday vs the same period of 2019.
• Over the past 11 days, 7 homes have been withdrawn or temporarily taken off the market.
I will take another look at Falls Church next Friday, and see where we are.