Home-sellers in Fairfax County are less likely to be cutting their listing prices than the region as a whole, according to new figures from the area’s multiple-listing service.
For the week ending April 28, 6.7 percent of homes showed cuts during the week, down from 7.6 percent the week before but up from 5.7 percent a year ago.
For the D.C. region as a whole, based on Bright MLS data, 8.2 percent of homes on the market saw listing cuts for the week. That’s down from 8.8 percent a week before, but up from 7.2 percent year-over-year.
For the week, there were a total of 1,513 home sales across the Washington region, down 1 percent from a week before and off 5.2 percent from a year ago.
Figures represent transactions in the District of Columbia; Arlington, Fairfax and Loudoun counties and the cities of Alexandria, Fairfax and Falls Church in Virginia; and Montgomery, Prince George’s and Frederick counties in Maryland.
The number of new listings for the week, and the number of total listings, were up 2.5 percent and 2.8 percent, respectively, from a week before, and stood 14.7 percent and 18.9 percent higher, respectively, from a year ago.
The number of home showings for the week stood at 24,842, up slightly from a week before but down nearly 14 percent from a year ago.
For more data, see the Website at brightmls.com/marketupdate.
