The Long & Foster Market Minute

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

Zip Code(s): 22201, 22203 and 22209
Units Sold
99
Active Inventory
219
Median Sale Price
$454,000
Days On Market
27
Up 15%
Vs. Year Ago
Down -9%
Vs. Year Ago
Down -29%
Vs. Year Ago
Down -4%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 99 sold this month in Clarendon, Ballston, and Rosslyn Real Estate versus 96 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 15% versus April 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 21 units or 9%. The total number of active inventory this April was 219 compared to 240 in April 2017. This month's total of 219 is higher than the previous month's total supply of available inventory of 187, an increase of 17%.

Median Sale Price
Last April, the median sale price for Clarendon, Ballston, and Rosslyn Homes was $635,000. This April, the median sale price was $454,000, a decrease of $181,000 compared to last year. The current median sold price is lower than in March.

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


New Listings
186
Current Contracts
115
Sold Vs. List Price
99.5%
Months of Supply
2.2
Up 20%
Vs. Year Ago
Down -7%
Vs. Year Ago
No Change
Vs. Year Ago
Down -21%
Vs. Year Ago

Months of Supply
In April, there was 2.2 months of supply available in Clarendon, Ballston, and Rosslyn, compared to 2.8 in April 2017. That is a decrease of 21% 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 186 homes newly listed for sale in Clarendon, Ballston, and Rosslyn compared to 155 in April 2017, an increase of 20%. There were 115 current contracts pending sale this April compared to 123 a year ago. The number of current contracts is 7% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Clarendon, Ballston, and Rosslyn was 99.5% 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 27, lower than the average last year, which was 28, a decrease of 4%.

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.