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Friday, August 7, 2015

FXCO economy still sluggish



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.

1 comment:

  1. Not surprised........limited transit options, too much traffic, filthy and unkept roadways, too many illegals, declining schools, boarding houses and increased crime.

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