The Long & Foster Market Minute
Focus On: Arlandria and Del Ray Housing Market May 2017
Zip Code(s): 22305 and 22301
Units Sold
47
Active Inventory
70
Median Sale Price
$680,000
Days On Market
11
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -25%
Vs. Year Ago
Down -10%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down -42%
Vs. Year Ago
Units Sold
The number of units sold remained stable in May, with 47 sold this month in Arlandria and Del Ray Real Estate. This month's total units sold was lower than at this time last year, a decrease of 3% versus May 2016.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is lower by 8 units or 10%. The total number of active inventory this May was 70 compared to 78 in May 2016. This month's total of 70 is lower than the previous month's total supply of available inventory of 73, a decrease of 4%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last May, the median sale price for Arlandria and Del Ray Homes was $675,000. This May, the median sale price was $680,000, an increase of 1% or $5,000 compared to last year. The current median sold price is 4% 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.

Click here to compare the median sale price of this area against other locations.
New Listings
63
Current Contracts
59
Sold Vs. List Price
100.6%
Months of Supply
1.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -3%
Vs. Year Ago
Up 31%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Up 20%
Vs. Year Ago
Months of Supply
In May, there was 1.5 months of supply available in Arlandria and Del Ray, compared to 1.2 in May 2016. That is an increase of 20% 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.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 63 homes newly listed for sale in Arlandria and Del Ray compared to 65 in May 2016, a decrease of 3%. There were 59 current contracts pending sale this May compared to 45 a year ago. The number of current contracts is 31% higher than last May.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In May, the average sale price in Arlandria and Del Ray was 100.6% of the average list price, which is 0.7% higher than at this time last year.

Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 19, a decrease of 42%.

Click here to compare the days on market of this area against other locations.
Arlandria and Del Ray are defined as properties listed in zip code/s 22305 and 22301.
*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.