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Circle Stats

Inventory is on the rise.


Eric Guggenheimer - Tuesday, February 10, 2015

January Chill is in the Air! 


We have seen a spike in active rental units as compared to 2014. In Fairfax county Virginia there is 1255 available units as compared to 967 units available in January 2014, a 23% increase in AVAILABLE rental units. We consider anything more than 15% out of norms but we are not too concerned because one month is not a trend. 


We started tracking active units in 2014 so we really don't have solid evidence of a problem. Our only clue at this point is the days on market (DOM) which represents how many days a rental listing is in the MLS and it appears rather high compared to last year.



The days on market (DOM) which is a result of higher than usual inventory of rental units. 65 Days on market may be a record or at least a record in recent memory.



January Report for 2015


This report is prepared monthly with data collected from MRIS. Circle Property Management is a Licensed Broker and a member of NVAR, a user of the MLS service provided my MRIS. We make every effort to collect the data but provide no guarantee of the statistical data in our charts.


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Circle Property Management, LLC
9520 B Lee Hwy.
Fairfax, VA 22031

OFFICE: 703.349.0144

FAX: 703-349-7822

Virginia Lic # Firm Lic: 0226-024470
Washington DC Lic LL98375649

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