The Long & Foster Market Minute

Focus On: Glencarlyn Housing Market October 2018

Zip Code(s): 22204
Units Sold
42
Active Inventory
77
Median Sale Price
$443,750
Days On Market
47
Down -33%
Vs. Year Ago
Down -15%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -2%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 42 sold this month in Glencarlyn Real Estate versus 48 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 33% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 14 units or 15%. The total number of active inventory this October was 77 compared to 91 in October 2017. This month's total of 77 is higher than the previous month's total supply of available inventory of 71, an increase of 8%.

Median Sale Price
Last October, the median sale price for Glencarlyn Homes was $480,000. This October, the median sale price was $443,750, a decrease of 8% or $36,250 compared to last year. The current median sold price is 13% higher than in September.

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


New Listings
57
Current Contracts
36
Sold Vs. List Price
99.1%
Months of Supply
1.8
Up 6%
Vs. Year Ago
Down -27%
Vs. Year Ago
No Change
Vs. Year Ago
Up 27%
Vs. Year Ago

Months of Supply
In October, there was 1.8 months of supply available in Glencarlyn, compared to 1.4 in October 2017. That is an increase of 27% 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 57 homes newly listed for sale in Glencarlyn compared to 54 in October 2017, an increase of 6%. There were 36 current contracts pending sale this October compared to 49 a year ago. The number of current contracts is 27% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Glencarlyn was 99.1% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 47, lower than the average last year, which was 48, a decrease of 2%.

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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.