Market Update Report
Looking at the March 2025 market numbers from Fairfax County real estate transactions (see the chart below), in March 2025 the number of newly listed homes increased by 31% over March of 2024. The end of the month inventory of homes increased by 42% year over year as well. So, there are more listings coming onto the market this March and more homes still available at the end of the month this year compared to last year. Supply is up because more listings are coming on and contract activity has not kept up. What is causing this? There is a climate of uncertainty. Interest rates have inched back up. Buyers may have put their search on hold, changing the ratio of supply and demand. However, as always, life goes on. People have to move when jobs change, babies are born and families grow, or there is a death or divorce. Despite uncertainty, home values continue to appreciate, and the real estate market in Northern Virginia shows its strength and resilience.
Real Estate in the News
The #1 Thing Sellers Need to Know About Their Asking Price
When you put your house on the market, you want to sell it quickly and for the best price possible; that’s generally the goal. But too many sellers are shooting too high right now. They don’t realize the market has shifted as inventory has grown. The side effect? Price cuts are on the rise, but they really don’t have to be. Here’s why.
Coutesy of Keeping Current Matters
Local Happenings
May 16-18
Spring Wine Festival at Mount Vernon
Bring a picnic blanket to Mount Vernon for the Spring Wine Festival. Enjoy Virginia wine and live jazz music along the banks of the Potomac.
Click HERE to learn more.
All Month Long
Passport DC
Travel the world without leaving the District! The annual Passport DC event program features embassy tours, cultural festivals, performances, and workshops all month long.
Click HERE to learn more.
Lifestyle Tips and Tricks
15 Secrets to Selling Your Home Faster
Great photos, fresh curb appeal and the right asking price are just some of the ways you can close a deal quickly.
Courtesy of U.S. News
How to Design a Garden from Scratch
A beginners guide to gardening and landscape design from garden designer Angel Collins, who takes us through everything you need to know when planning a garden from scratch
Courtesy of House & Garden
Home Features That Will Increase the Value of Your Property
Pros weigh in on which home extras—from smart technology and pot fillers to garbage disposals—are truly worth your money.
Courtesy of Martha Stewart
Featured Compass Listing
Fort Hunt
2112 Wittington Boulevard
5 BD 4 BA 3080 SF $1,050,000
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Kathy Hassett
NVAR Top Producer
Realtor®
M: 703.863.1546
O: 703.229.8935
kathy.hassett@compass.com
Licensed in VA
Compass Real Estate Alexandria, VA.
Compass Real Estate is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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