The Long & Foster Market Minute
Focus On: Clarendon, Ballston, and Rosslyn Housing Market February 2017
Zip Code(s): 22201, 22203 and 22209
Units Sold
66
Active Inventory
182
Median Sale Price
$450,000
Days On Market
60
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -22%
Vs. Year Ago
No Change
Vs. Year Ago
Units Sold
There was an increase in total units sold in February, with 66 sold this month in Clarendon, Ballston, and Rosslyn Real Estate. This month's total units sold was higher than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 10 units or 5%. The total number of active inventory this February was 182 compared to 192 in February 2016. This month's total of 182 is higher than the previous month's total supply of available inventory of 166, an increase of 10%.

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Median Sale Price
Last February, the median sale price for Clarendon, Ballston, and Rosslyn Homes was $575,000. This February, the median sale price was $450,000, a decrease of 22% or $125,000 compared to last year. The current median sold price is 4% 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
122
Current Contracts
84
Sold Vs. List Price
98.1%
Months of Supply
2.8
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 31%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Down -35%
Vs. Year Ago
Months of Supply
In February, there was 2.8 months of supply available in Clarendon, Ballston, and Rosslyn, compared to 4.3 in February 2016. That is a decrease of 35% 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 122 homes newly listed for sale in Clarendon, Ballston, and Rosslyn compared to 93 in February 2016, an increase of 31%. There were 84 current contracts pending sale this February compared to 79 a year ago. The number of current contracts is 6% higher than last February.

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Sale Price to List Price Ratio
In February, the average sale price in Clarendon, Ballston, and Rosslyn was 98.1% of the average list price, which is 0.8% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 60, which is similar compared to a year ago.

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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.