FXCO economy still sluggish
The state of the
Fairfax County economy remains mixed, according to a set of indicators by the county’s
Department of Management and Budget. Here are some
highlights:
Fairfax County economy remains mixed, according to a set of indicators by the county’s
Department of Management and Budget. Here are some
highlights:
- The unemployment rate
in Fairfax County rose from 3.6 percent in April to 4 percent in May. That
translates to an increase in the number of unemployed residents from 22,478 to
25,344.
- Sales tax receipts
distributed to Fairfax County in July for retail purchases made in May were
$15.4 million, an increase of 3.5 percent over July 2014. - A total of 1,861
homes were sold in Fairfax County in June, a 19.3 percent increase compared to
June 2014. - On average, homes that
sold in Fairfax County in June were on the market for 34 days. That’s six days
longer than the 28-day average in June 2014. - The average sales
price of all homes that sold in June was $565,665, a decrease of 0.8 percent
from the same month a year ago. - Comparing June 2014 and June 2015, the average sales price of detached homes sold decreased 0.8 percent, and the average sales price of attached homes increased 2.2 percent.
- There were 4,337 active
listings of homes for sale in Fairfax County in June. That’s an increase of
21.8 percent over the number of active listings in June 2014. - During the second
quarter of 2015, 267 new single-family building permits were issued in the
county. That’s a 3.1 percent increase over the same period in 2014.
One response to “FXCO economy still sluggish”
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Not surprised……..limited transit options, too much traffic, filthy and unkept roadways, too many illegals, declining schools, boarding houses and increased crime.