Falls Church City Real Estate Market Continues Weakness in Price Cuts

Over the past 30 days, there have been fewer price cuts in the Falls Church City market, continuing a six-week declining trend to land at six. However, home sales remained flat with 17 over the same period. While the number of price reductions trended lower, months of inventory is on an eight-week downward trend, this week hitting one months. Despite the slip in sales from last week to this week, the low inventory indicates that Falls Church City is still a definite seller's market.

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Demographic facts for Falls Church City:

  • The population has increased 18.8% in the last 10 years.
  • The lifestyle rating here is 66. (Scale: 1 = Worst, 100 = Best)
  • Residents who travel to work by car account for 60.9% of all commuters, while carpools account for 9.7%, and public transit makes up 18.0%.

Data reported through 1/11/2017

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