The Long & Foster Market Minute
Focus On: Glencarlyn Housing Market May 2017
Zip Code(s): 22204
Units Sold
69
Active Inventory
72
Median Sale Price
$462,500
Days On Market
24
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Down -47%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -23%
Vs. Year Ago
Units Sold
There was an increase in total units sold in May, with 69 sold this month in Glencarlyn Real Estate. This month's total units sold was higher than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 65 units or 47%. The total number of active inventory this May was 72 compared to 137 in May 2016. This month's total of 72 is lower than the previous month's total supply of available inventory of 86, a decrease of 16%.

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Median Sale Price
Last May, the median sale price for Glencarlyn Homes was $398,000. This May, the median sale price was $462,500, an increase of 16% or $64,500 compared to last year. The current median sold price is 5% higher than in April.

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

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New Listings
81
Current Contracts
70
Sold Vs. List Price
100.6%
Months of Supply
1.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 13%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -65%
Vs. Year Ago
Months of Supply
In May, there was 1.0 months of supply available in Glencarlyn, compared to 3.0 in May 2016. That is a decrease of 65% 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.

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New Listings & Current Contracts
This month there were 81 homes newly listed for sale in Glencarlyn compared to 72 in May 2016, an increase of 13%. There were 70 current contracts pending sale this May compared to 69 a year ago. The number of current contracts is 1% higher than last May.

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Sale Price to List Price Ratio
In May, the average sale price in Glencarlyn was 100.6% of the average list price, which is 1.7% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 24, lower than the average last year, which was 31, a decrease of 23%.

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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.