The Long & Foster Market Minute

Focus On: Clarendon, Ballston, and Rosslyn Housing Market November 2017

Zip Code(s): 22201, 22203 and 22209
Units Sold
83
Active Inventory
235
Median Sale Price
$549,500
Days On Market
41
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 12%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -18%
Vs. Year Ago

Units Sold
There was an increase in total units sold in November, with 83 sold this month in Clarendon, Ballston, and Rosslyn Real Estate versus 82 last month, an increase of 1%. This month's total units sold was higher than at this time last year, an increase of 12% versus November 2016.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 22 units or 10%. The total number of active inventory this November was 235 compared to 213 in November 2016. This month's total of 235 is lower than the previous month's total supply of available inventory of 267, a decrease of 12%.

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Median Sale Price
Last November, the median sale price for Clarendon, Ballston, and Rosslyn Homes was $520,000. This November, the median sale price was $549,500, an increase of 6% or $29,500 compared to last year. The current median sold price is 10% higher than in October.

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
91
Current Contracts
83
Sold Vs. List Price
98.5%
Months of Supply
2.8
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 32%
Vs. Year Ago
Up 30%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In November, there was 2.8 months of supply available in Clarendon, Ballston, and Rosslyn. The amount of supply is similar compared to 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 91 homes newly listed for sale in Clarendon, Ballston, and Rosslyn compared to 69 in November 2016, an increase of 32%. There were 83 current contracts pending sale this November compared to 64 a year ago. The number of current contracts is 30% higher than last November.

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Sale Price to List Price Ratio
In November, the average sale price in Clarendon, Ballston, and Rosslyn was 98.5% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 41, lower than the average last year, which was 50, a decrease of 18%.

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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.