The Long & Foster Market Minute
Focus On: Annandale Housing Market May 2017
Zip Code(s): 22003
Units Sold
77
Active Inventory
116
Median Sale Price
$500,000
Days On Market
17
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -1%
Vs. Year Ago
Down -28%
Vs. Year Ago
No Change
Vs. Year Ago
Down -26%
Vs. Year Ago
Units Sold
There was an increase in total units sold in May, with 77 sold this month in Annandale Real Estate versus 67 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 1% versus May 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 46 units or 28%. The total number of active inventory this May was 116 compared to 162 in May 2016. This month's total of 116 is lower than the previous month's total supply of available inventory of 128, a decrease of 9%.

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Median Sale Price
Last May, the median sale price for Annandale Homes was $499,000. This May, the median sale price was $500,000, which is similar compared to a year ago. The current median sold price is 3% higher than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

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New Listings
105
Current Contracts
93
Sold Vs. List Price
99.5%
Months of Supply
1.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 2%
Vs. Year Ago
Up 39%
Vs. Year Ago
No Change
Vs. Year Ago
Down -27%
Vs. Year Ago
Months of Supply
In May, there was 1.5 months of supply available in Annandale, compared to 2.1 in May 2016. That is a decrease of 27% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

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New Listings & Current Contracts
This month there were 105 homes newly listed for sale in Annandale compared to 103 in May 2016, an increase of 2%. There were 93 current contracts pending sale this May compared to 67 a year ago. The number of current contracts is 39% higher than last May.

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Sale Price to List Price Ratio
In May, the average sale price in Annandale was 99.5% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 23, a decrease of 26%.

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Annandale are defined as properties listed in zip code/s 22003.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate, Inc.