The Long & Foster Market Minute

Focus On: Clarendon, Ballston, and Rosslyn Housing Market June 2018

Zip Code(s): 22201, 22203 and 22209
Units Sold
119
Active Inventory
226
Median Sale Price
$483,875
Days On Market
29
Up 16%
Vs. Year Ago
Down -12%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -17%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 119 sold this month in Clarendon, Ballston, and Rosslyn Real Estate versus 121 last month, a decrease of 2%. This month's total units sold was higher than at this time last year, an increase of 16% versus June 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 30 units or 12%. The total number of active inventory this June was 226 compared to 256 in June 2017. This month's total of 226 is lower than the previous month's total supply of available inventory of 244, a decrease of 7%.

Median Sale Price
Last June, the median sale price for Clarendon, Ballston, and Rosslyn Homes was $454,000. This June, the median sale price was $483,875, an increase of 7% or $29,875 compared to last year. The current median sold price is 14% lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
130
Current Contracts
106
Sold Vs. List Price
99.5%
Months of Supply
1.9
Down -12%
Vs. Year Ago
Down -5%
Vs. Year Ago
No Change
Vs. Year Ago
Down -50%
Vs. Year Ago

Months of Supply
In June, there was 1.9 months of supply available in Clarendon, Ballston, and Rosslyn, compared to 2.5 in June 2017. That is a decrease of 24% 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 130 homes newly listed for sale in Clarendon, Ballston, and Rosslyn compared to 148 in June 2017, a decrease of 12%. There were 106 current contracts pending sale this June compared to 111 a year ago. The number of current contracts is 5% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Clarendon, Ballston, and Rosslyn was 99.5% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 29, lower than the average last year, which was 35, a decrease of 17%.

The Long & Foster Market Minute Clarendon, Ballston, and Rosslyn are defined as properties listed in zip code/s 22201, 22203 and 22209.
*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.