The Long & Foster Market Minute
Focus On: Annandale Housing Market February 2017
Zip Code(s): 22003
Units Sold
32
Active Inventory
73
Median Sale Price
$467,250
Days On Market
68
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -11%
Vs. Year Ago
Down -26%
Vs. Year Ago
No Change
Vs. Year Ago
Up 48%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in February, with 32 sold this month in Annandale Real Estate versus 37 last month, a decrease of 14%. This month's total units sold was lower than at this time last year, a decrease of 11% versus February 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 25 units or 26%. The total number of active inventory this February was 73 compared to 98 in February 2016. This month's supply remained stable as compared to last month.

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Median Sale Price
Last February, the median sale price for Annandale Homes was $469,500. This February, the median sale price was approximately the same at $467,250. The current median sold price is also similar to the median price in January.

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
69
Current Contracts
60
Sold Vs. List Price
98.4%
Months of Supply
2.3
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 5%
Vs. Year Ago
Up 43%
Vs. Year Ago
Up 0.6%
Vs. Year Ago
Down -16%
Vs. Year Ago
Months of Supply
In February, there was 2.3 months of supply available in Annandale, compared to 2.7 in February 2016. That is a decrease of 16% 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 69 homes newly listed for sale in Annandale compared to 66 in February 2016, an increase of 5%. There were 60 current contracts pending sale this February compared to 42 a year ago. The number of current contracts is 43% higher than last February.

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Sale Price to List Price Ratio
In February, the average sale price in Annandale was 98.4% of the average list price, which is 0.6% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 68, higher than the average last year, which was 46, an increase of 48%.

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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.