The Long & Foster Market Minute

Focus On: Clarendon, Ballston, and Rosslyn Housing Market February 2019

Zip Code(s): 22201, 22203 and 22209
Units Sold
58
Active Inventory
92
Median Sale Price
$500,000
Days On Market
60
Down -21%
Vs. Year Ago
Down -47%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 7%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in February, with 58 sold this month in Clarendon, Ballston, and Rosslyn Real Estate versus 65 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 21% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 82 units or 47%. The total number of active inventory this February was 92 compared to 174 in February 2018. This month's total of 92 is lower than the previous month's total supply of available inventory of 108, a decrease of 15%.

Median Sale Price
Last February, the median sale price for Clarendon, Ballston, and Rosslyn Homes was $515,000. This February, the median sale price was $500,000, a decrease of 3% or $15,000 compared to last year. The current median sold price is 1% 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
86
Current Contracts
81
Sold Vs. List Price
98.2%
Months of Supply
1.6
Down -27%
Vs. Year Ago
Down -2%
Vs. Year Ago
No Change
Vs. Year Ago
Down -33%
Vs. Year Ago

Months of Supply
In February, there was 1.6 months of supply available in Clarendon, Ballston, and Rosslyn, compared to 2.4 in February 2018. That is a decrease of 33% 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 86 homes newly listed for sale in Clarendon, Ballston, and Rosslyn compared to 118 in February 2018, a decrease of 27%. There were 81 current contracts pending sale this February compared to 83 a year ago. The number of current contracts is 2% lower than last February.

Sale Price to List Price Ratio
In February, the average sale price in Clarendon, Ballston, and Rosslyn was 98.2% 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 60, higher than the average last year, which was 56, an increase of 7%.

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 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.