The Long & Foster Market Minute

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

Zip Code(s): 22201, 22203 and 22209
Units Sold
80
Active Inventory
206
Median Sale Price
$457,400
Days On Market
62
Down -4%
Vs. Year Ago
Down -20%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 9%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 80 sold this month in Clarendon, Ballston, and Rosslyn Real Estate versus 77 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 4% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 53 units or 20%. The total number of active inventory this October was 206 compared to 259 in October 2017. This month's total of 206 is lower than the previous month's total supply of available inventory of 238, a decrease of 13%.

Median Sale Price
Last October, the median sale price for Clarendon, Ballston, and Rosslyn Homes was $500,000. This October, the median sale price was $457,400, a decrease of 9% or $42,600 compared to last year. The current median sold price is 8% lower than in September.

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


New Listings
102
Current Contracts
86
Sold Vs. List Price
98.8%
Months of Supply
2.6
Down -4%
Vs. Year Ago
Down -9%
Vs. Year Ago
No Change
Vs. Year Ago
Down -17%
Vs. Year Ago

Months of Supply
In October, there was 2.6 months of supply available in Clarendon, Ballston, and Rosslyn, compared to 3.1 in October 2017. That is a decrease of 17% 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 102 homes newly listed for sale in Clarendon, Ballston, and Rosslyn compared to 106 in October 2017, a decrease of 4%. There were 86 current contracts pending sale this October compared to 94 a year ago. The number of current contracts is 9% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Clarendon, Ballston, and Rosslyn was 98.8% 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 62, higher than the average last year, which was 57, an increase of 9%.

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.