Home sales were down but prices were up as the Fairfax real estate market in August dealt with tightening inventory, particularly in the lower half of the market.
A total of 1,459 properties went to closing during the month, according to figures reported Sept. 12 by RealEstate Business Intelligence, based on data from Bright MLS. That’s down 6.5 percent from the 1,561 transactions reported in August 2016.
The average sales price of all homes that sold during the month rose just under 3 percent to $568,769 from a year before, although that was due in part to a larger percentage of single-family homes in the overall mix.
