The Long & Foster Market Minute

Focus On: Arlandria and Del Ray Housing Market March 2018

Zip Code(s): 22305 and 22301
Units Sold
39
Active Inventory
47
Median Sale Price
$625,000
Days On Market
36
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 11%
Vs. Year Ago
Down -30%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 39 sold this month in Arlandria and Del Ray Real Estate versus 30 last month, an increase of 30%. This month's total units sold was higher than at this time last year, an increase of 11% versus March 2017.

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 20 units or 30%. The total number of active inventory this March was 47 compared to 67 in March 2017. This month's total of 47 is lower than the previous month's total supply of available inventory of 50, a decrease of 6%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last March, the median sale price for Arlandria and Del Ray Homes was $645,000. This March, the median sale price was $625,000, a decrease of 3% or $20,000 compared to last year. The current median sold price is 1% lower than in February.

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
49
Current Contracts
43
Sold Vs. List Price
99.8%
Months of Supply
1.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -29%
Vs. Year Ago
Down -10%
Vs. Year Ago
No Change
Vs. Year Ago
Down -37%
Vs. Year Ago

Months of Supply
In March, there was 1.2 months of supply available in Arlandria and Del Ray, compared to 1.9 in March 2017. That is a decrease of 37% 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 49 homes newly listed for sale in Arlandria and Del Ray compared to 69 in March 2017, a decrease of 29%. There were 43 current contracts pending sale this March compared to 48 a year ago. The number of current contracts is 10% lower than last March.

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 March, the average sale price in Arlandria and Del Ray was 99.8% of the average list price, which is similar compared to a year ago.

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 36, higher than the average last year, which was 14. This increase was impacted by the limited number of sales.

Click here to compare the days on market of this area against other locations.
The Long & Foster Market Minute 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.