The Long & Foster Market Minute
Focus On: Glencarlyn Housing Market February 2017
Zip Code(s): 22204
Units Sold
34
Active Inventory
63
Median Sale Price
$476,750
Days On Market
62
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 21%
Vs. Year Ago
Down -32%
Vs. Year Ago
Up 16%
Vs. Year Ago
Up 41%
Vs. Year Ago
Units Sold
There was an increase in total units sold in February, with 34 sold this month in Glencarlyn Real Estate versus 31 last month, an increase of 10%. This month's total units sold was higher than at this time last year, an increase of 21% versus February 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 30 units or 32%. The total number of active inventory this February was 63 compared to 93 in February 2016. This month's supply remained stable as compared to last month.

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Median Sale Price
Last February, the median sale price for Glencarlyn Homes was $409,500. This February, the median sale price was $476,750, an increase of 16% or $67,250 compared to last year. The current median sold price is 16% higher than in January.

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
60
Current Contracts
52
Sold Vs. List Price
99.2%
Months of Supply
1.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 7%
Vs. Year Ago
Up 27%
Vs. Year Ago
No Change
Vs. Year Ago
Down -44%
Vs. Year Ago
Months of Supply
In February, there was 1.9 months of supply available in Glencarlyn, compared to 3.3 in February 2016. That is a decrease of 44% 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 60 homes newly listed for sale in Glencarlyn compared to 56 in February 2016, an increase of 7%. There were 52 current contracts pending sale this February compared to 41 a year ago. The number of current contracts is 27% higher than last February.

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Sale Price to List Price Ratio
In February, the average sale price in Glencarlyn was 99.2% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 62, higher than the average last year, which was 44, an increase of 41%.

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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.