The Long & Foster Market Minute

Focus On: Chantilly Housing Market February 2020

Zip Code(s): 20151 and 20153
Units Sold
16
Active Inventory
23
Median Sale Price
$540,000
Days On Market
26
Up
Vs. Year Ago
Up 21%
Vs. Year Ago
Up 20%
Vs. Year Ago
Down
Vs. Year Ago

Units Sold
With relatively few transactions, there was an increase in total units sold in February, with 16 sold this month in Chantilly Real Estate. This month's total units sold was higher than at this time last year, an increase from February 2019.

Active Inventory
Versus last year, the total number of homes available this month is higher by 4 units or 21%. The total number of active inventory this February was 23 compared to 19 in February 2019. This month's total of 23 is lower than the previous month's total supply of available inventory of 24, a decrease of 4%.

Median Sale Price
Last February, the median sale price for Chantilly Homes was $450,000. This February, the median sale price was $540,000, an increase of 20% or $90,000 compared to last year. The current median sold price is 17% 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.


New Listings
23
Current Contracts
21
Sold Vs. List Price
99.2%
Months of Supply
1.4
Up 15%
Vs. Year Ago
Up 62%
Vs. Year Ago
Up 0.6%
Vs. Year Ago
Down -62%
Vs. Year Ago

Months of Supply
In February, there was 1.4 months of supply available in Chantilly, compared to 3.8 in February 2019. That is a decrease of 62% 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.

New Listings & Current Contracts
This month there were 23 homes newly listed for sale in Chantilly compared to 20 in February 2019, an increase of 15%. There were 21 current contracts pending sale this February compared to 13 a year ago. The number of current contracts is 62% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Chantilly was 99.2% of the average list price, which is 0.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 26, lower than the average last year, which was 56. This decrease was impacted by the limited number of sales.

The Long & Foster Market Minute Chantilly are defined as properties listed in zip code/s 20151 and 20153.
*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.