The Long & Foster Market Minute

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

Zip Code(s): 22201, 22203 and 22209
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 13%
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 21%
Vs. Year Ago
Down -13%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in August, with 105 sold this month in Clarendon, Ballston, and Rosslyn Real Estate versus 117 last month, a decrease of 10%. This month's total units sold was higher than at this time last year, an increase of 13% versus August 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 59 units or 22%. The total number of active inventory this August was 209 compared to 268 in August 2017. This month's total of 209 is lower than the previous month's total supply of available inventory of 212, a decrease of 1%.

Median Sale Price
Last August, the median sale price for Clarendon, Ballston, and Rosslyn Homes was $445,000. This August, the median sale price was $539,900, an increase of 21% or $94,900 compared to last year. The current median sold price is 4% higher than in July.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -12%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -31%
Vs. Year Ago

Months of Supply
In August, there was 2.0 months of supply available in Clarendon, Ballston, and Rosslyn, compared to 2.9 in August 2017. That is a decrease of 31% 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 111 homes newly listed for sale in Clarendon, Ballston, and Rosslyn compared to 126 in August 2017, a decrease of 12%. There were 83 current contracts pending sale this August compared to 84 a year ago. The number of current contracts is 1% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Clarendon, Ballston, and Rosslyn was 99.1% of the average list price, which is 0.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 34, lower than the average last year, which was 39, a decrease of 13%.

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.