The Long & Foster Market Minute

Focus On: Glencarlyn Housing Market January 2018

Zip Code(s): 22204
Units Sold
23
Active Inventory
50
Median Sale Price
$480,000
Days On Market
32
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -26%
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 17%
Vs. Year Ago
Down -11%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 23 sold this month in Glencarlyn Real Estate versus 34 last month, a decrease of 32%. This month's total units sold was lower than at this time last year, a decrease of 26% versus January 2017.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 14 units or 22%. The total number of active inventory this January was 50 compared to 64 in January 2017. This month's total of 50 is lower than the previous month's total supply of available inventory of 60, a decrease of 17%.

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Median Sale Price
Last January, the median sale price for Glencarlyn Homes was $410,000. This January, the median sale price was $480,000, an increase of 17% or $70,000 compared to last year. The current median sold price is 16% higher than in December.

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
38
Current Contracts
36
Sold Vs. List Price
98.1%
Months of Supply
2.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -5%
Vs. Year Ago
Up 24%
Vs. Year Ago
Up 0.5%
Vs. Year Ago
Up 5%
Vs. Year Ago

Months of Supply
In January, there was 2.2 months of supply available in Glencarlyn, compared to 2.1 in January 2017. That is an increase of 5% 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 38 homes newly listed for sale in Glencarlyn compared to 40 in January 2017, a decrease of 5%. There were 36 current contracts pending sale this January compared to 29 a year ago. The number of current contracts is 24% higher than last January.

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Sale Price to List Price Ratio
In January, the average sale price in Glencarlyn was 98.1% of the average list price, which is 0.5% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 32, lower than the average last year, which was 36, a decrease of 11%.

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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.