Latest Local Economic Indicators Report: Mixed Bag Continues

economic graphic with arrows going up and down

SHARE POINT

The latest economic indicators report is out and you can see what’s up and what’s down in our local economy. This month’s report has a mixed bag of news for our local economy.

These monthly reports also serve as one of the tools used by our budget staff and the Board of Supervisors to make decisions on the county’s budget.  The upcoming Fiscal Year 2017 Budget was adopted by the Board last month and becomes effective on July 1, 2016.

Read The Latest Report

 

What’s Up

Sales tax receipts are up 2.8 percent for the first nine months of the fiscal year, which began July 2015.

The number of active listings of homes for sale in the county increased 15.4 percent in March from a year ago.

 

What’s Down

In March, the average sales price of all homes sold in Fairfax County increased just 0.1 percent compared to the average sales price in March 2015.

The number of homes sold in Fairfax County in March decreased 0.7 percent from a year earlier.

On average, homes that sold in Fairfax County in March were on the market for 69 days –  five days longer than the 64-day average in March 2015.

 

Employment Update
  • In March, the Northern Virginia region experienced job growth at an annual rate of 3.1 percent.
  • As of March 2016, total (non-farm) employment in Northern Virginia was 1,417,400, a gain of 42,400 jobs since March 2015, the largest year-over-year gain since early 2011.

Specific employment information for Fairfax County is reported on a delayed basis and is currently available only through the third quarter of 2015.

 

NewsCenter logo

Contact Fairfax County: Phone, Email or Twitter | Main Address: 12000 Government Center Parkway, Fairfax, VA 22035
Technical Questions: Web Administrator

ADA Accessibility | Website Accessibility
Awards | FOIA | Mobile | Using this Site | Web Disclaimer & Privacy Policy | Get Adobe Reader
Official site of the County of Fairfax, Virginia, © Copyright 2015

Website Feedback Website Feedback    Globe with various flags representing Web site language translations   Language Translations
Read previous post:
Weekly Briefing logo
Weekly News Briefing: May 2-6

Here are headlines from around your county government this past week. At any time, you can find all county government...

Close