Philly extends lead over Fairfax for real estate domination | news / fairfax

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After three quarters of the year and a year still to come, Philadelphia has slightly expanded its lead over Fairfax County in real estate dominance in the Mid-Atlantic region.

With 1,573 residential transactions completed last month, the City of Brotherly Love grew to 15,100 sales for the year, while Fairfax County reached 14,901 with 1,533 transactions in September.

The numbers were analyzed by the Sun Gazette according to data reported by ShowingTime’s MarketStats on Oct. 12, based on listing data from Bright MLS.

Philadelphia holding the lead slot is nothing new, though last year – when Pennsylvania imposed more draconian COVID responses than Virginia – Fairfax was ahead in 2020 sales. This year Philly has rebounded, with total sales up 32.1 percent over the same eight-month period in 2020, while Fairfax County is up 22 percent.

Other jurisdictions that had more than 9,000 total sales that year (among the approximately 70 locations in the Mid-Atlantic region) were Montgomery County, Md., 11,788 (up 23.2 percent); Baltimore County, Maryland, 9,525 (up 15.3 percent); Montgomery County, Pennsylvania, 9,525 (up 18.3 percent); Prince George’s County, Md., 9,263 (up 16.9 percent); and Anne Arundel County, Md., 9,324 (also up 16.9 percent).

In the entire mid-Atlantic, 248,100 home sales were recorded in the nine months, 16.7 percent more than 212,571 a year earlier. (However, September sales were down 4.2 percent to 28,025.)

Of the roughly 50 locations in the survey that have seen more than 1,000 home sales so far this year, only two saw a year-over-year decline: Ocean County, NJ, which fell 1.9 percent to 2,579, and Frederick County, Md. , which is down 1.8 percent to 1,375.