The Long & Foster Market Minute

Focus On: Glencarlyn Housing Market April 2018

Zip Code(s): 22204
Units Sold
53
Active Inventory
69
Median Sale Price
$469,000
Days On Market
21
Up 10%
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 5%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 53 sold this month in Glencarlyn Real Estate versus 42 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 10% versus April 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 19 units or 22%. The total number of active inventory this April was 69 compared to 88 in April 2017. This month's total of 69 is lower than the previous month's total supply of available inventory of 89, a decrease of 22%.

Median Sale Price
Last April, the median sale price for Glencarlyn Homes was $439,500. This April, the median sale price was approximately the same at $469,000. The current median sold price is 7% higher than in April 2017.

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


New Listings
78
Current Contracts
79
Sold Vs. List Price
99.8%
Months of Supply
1.3
Down -14%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -1.2%
Vs. Year Ago
Down -29%
Vs. Year Ago

Months of Supply
In April, there was 1.3 months of supply available in Glencarlyn, compared to 1.8 in April 2017. That is a decrease of 29% 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 78 homes newly listed for sale in Glencarlyn compared to 91 in April 2017, a decrease of 14%. There were 79 current contracts pending sale this April compared to 67 a year ago. The number of current contracts is 18% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Glencarlyn was 99.8% of the average list price, which is 1.2% lower than at this time last year.

Days on Market
This month, the average number of days on market was 21, higher than the average last year, which was 20, an increase of 5%.

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.