The Long & Foster Market Minute
Focus On: Arlandria and Del Ray Housing Market February 2017
Zip Code(s): 22305 and 22301
Units Sold
30
Active Inventory
58
Median Sale Price
$706,000
Days On Market
22
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Up 29%
Vs. Year Ago
Up 22%
Vs. Year Ago
Down -21%
Vs. Year Ago
Units Sold
With relatively few transactions, there was an increase in total units sold in February, with 30 sold this month in Arlandria and Del Ray Real Estate. This month's total units sold was higher than at this time last year, an increase from February 2016.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 13 units or 29%. The total number of active inventory this February was 58 compared to 45 in February 2016. This month's total of 58 is higher than the previous month's total supply of available inventory of 45, an increase of 29%.

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Median Sale Price
Last February, the median sale price for Arlandria and Del Ray Homes was $577,450. This February, the median sale price was $706,000, an increase of 22% or $128,550 compared to last year. The current median sold price is 6% higher than 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
61
Current Contracts
44
Sold Vs. List Price
99.9%
Months of Supply
1.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 45%
Vs. Year Ago
Up 22%
Vs. Year Ago
Up 0.6%
Vs. Year Ago
Down -14%
Vs. Year Ago
Months of Supply
In February, there was 1.9 months of supply available in Arlandria and Del Ray, compared to 2.3 in February 2016. That is a decrease of 14% 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 61 homes newly listed for sale in Arlandria and Del Ray compared to 42 in February 2016, an increase of 45%. There were 44 current contracts pending sale this February compared to 36 a year ago. The number of current contracts is 22% higher than last February.

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Sale Price to List Price Ratio
In February, the average sale price in Arlandria and Del Ray was 99.9% 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 22, lower than the average last year, which was 28, a decrease of 21%.

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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.