Fairfax County, which in 2020 unseated the city of Philadelphia to take the crown in Mid-Atlantic home sales, finds itself in second place as the new year begins.
The City of Brotherly Love (its sports fans notwithstanding) posted 1,245 closed sales in January, compared to 1,008 for Fairfax County, according to new figures from RealEstate Business Intelligence, based on data from MarketStats by ShowingTime.
Rounding out the top five jurisdictions in January:
• Montgomery County (Md.) recorded 814 sales, up 21.7 percent from 669 a year before.
• Montgomery County (Pa.) had 785 sales, up 21.9 percent from 644.
• The city of Baltimore had 748 transactions, up 9.8 percent from 681.
Across the Mid-Atlantic region, RealEstate Business Intelligence recorded 19,612 transactions in January, up 20.8 percent from 16,236.
Traditionally, Philadelphia comes out on top in the RealEstate Business Intelligence list of more than 70 Mid-Atlantic jurisdictions, but the more severe economic lockdown imposed in Pennsylvania last year allowed Fairfax County to surge ahead.
Fairfax’s total sales for 2020 stood at 16,739, up 3.7 percent from 2019. Philadelphia’s total was down 2 percent to 16,317.
All told, seven Mid-Atlantic jurisdictions reported more than 10,000 sales for the year, up from six in 2019.