The Long & Foster Market Minute

Focus On: Glencarlyn Housing Market June 2018

Zip Code(s): 22204
Units Sold
59
Active Inventory
98
Median Sale Price
$415,000
Days On Market
17
Down -21%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -15%
Vs. Year Ago
Up 13%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 59 sold this month in Glencarlyn Real Estate versus 77 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 21% versus June 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 4 units or 4%. The total number of active inventory this June was 98 compared to 102 in June 2017. This month's total of 98 is lower than the previous month's total supply of available inventory of 100, a decrease of 2%.

Median Sale Price
Last June, the median sale price for Glencarlyn Homes was $487,000. This June, the median sale price was $415,000, a decrease of 15% or $72,000 compared to last year. The current median sold price is 2% lower than in May.

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


New Listings
79
Current Contracts
68
Sold Vs. List Price
100.4%
Months of Supply
1.7
Down -19%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In June, there was 1.7 months of supply available in Glencarlyn, compared to 1.4 in June 2017. That is an increase of 22% 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 79 homes newly listed for sale in Glencarlyn compared to 98 in June 2017, a decrease of 19%. There were 68 current contracts pending sale this June compared to 62 a year ago. The number of current contracts is 10% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Glencarlyn was 100.4% of the average list price, which is 1.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 17, higher than the average last year, which was 15, an increase of 13%.

The Long & Foster Market Minute Glencarlyn are defined as properties listed in zip code/s 22204.
*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.