The state of the Fairfax County economy remains mixed, according to a set of indicators by the county’s Department of Management and Budget. Here are some highlights:
- The unemployment rate in Fairfax County rose from 3.6 percent in April to 4 percent in May. That translates to an increase in the number of unemployed residents from 22,478 to 25,344.
- Sales tax receipts distributed to Fairfax County in July for retail purchases made in May were $15.4 million, an increase of 3.5 percent over July 2014.
- A total of 1,861 homes were sold in Fairfax County in June, a 19.3 percent increase compared to June 2014.
- On average, homes that sold in Fairfax County in June were on the market for 34 days. That’s six days longer than the 28-day average in June 2014.
- The average sales price of all homes that sold in June was $565,665, a decrease of 0.8 percent from the same month a year ago.
- Comparing June 2014 and June 2015, the average sales price of detached homes sold decreased 0.8 percent, and the average sales price of attached homes increased 2.2 percent.
- There were 4,337 active listings of homes for sale in Fairfax County in June. That’s an increase of 21.8 percent over the number of active listings in June 2014.
- During the second quarter of 2015, 267 new single-family building permits were issued in the county. That’s a 3.1 percent increase over the same period in 2014.