Fairfax Monthly Real Estate Trends

The following chart shows median and average price trends plus Fairfax single-family home sales. The chart uses a 12-month moving average to eliminate any seasonal variation.

The next chart is the same as above but uses a 3-month moving average. This smoothes out month-to-month variations yet shows seasonal variations.

DEFINITIONS

Median Price

Median Price is that at which 50% of properties sold were above that price and 50% were below.

Average Price

Average Price is the sum of all prices divided by the number of sales.

DOM

Average Days on Market is the average time it took to sell all properties.

SP/LP

The average selling price divided by the average list price.

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Based on information from BAREIS for the period January 1998 through August 2011.