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Fairfax, Philly neck and neck for real-estate supremacy

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Fairfax County remains in the hunt for real-estate supremacy in the Mid-Atlantic, but will have to jump past Philadelphia to get there.

With 13,331 home sales during the first eight months of the year, Fairfax is slightly behind the City of Brotherly Love, which has recorded 13,425.
Year-to-date figures were reported Sept. 13 by MarketStats by ShowingTime, based on listing data from Bright MLS.

Normally, Philadelphia is the leader among the 70-odd jurisdictions covered by the data. But in 2020, Pennsylvania was locked down, economically, more significantly than Virginia, and Fairfax County came out on top.

But Philly has staged a comeback: It’s January-to-August sales total for 2021 is up nearly 40 percent from the same period in 2020, while Fairfax’s growth is about 26 percent.

Of Mid-Atlantic localities, only Montgomery County, Md., has joined the other two in surmounting the 10,000-sales figure (standing at 10,472). Other sales-total leaders in the region include Baltimore County (8,392); Montgomery County, Pa. (8,205); Anne Arundel County, Md. (8,155); and Prince George’s County (8,131).

Across the Mid-Atlantic, sales totals for 2021 through August stood at 219,029, up 20.4 percent from 181,918 at the same period in 2020. Only a handful of the 70-ish jurisdictions have posted year-over-year declines, most notably Frederick County, Md., which is down 2.6 percent to 1,192.

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