The Long & Foster Market Minute

Focus On: Glencarlyn Housing Market February 2019

Zip Code(s): 22204
Units Sold
38
Active Inventory
25
Median Sale Price
$376,250
Days On Market
34
Up 23%
Vs. Year Ago
Down -60%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -8%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 38 sold this month in Glencarlyn Real Estate versus 36 last month, an increase of 6%. This month's total units sold was higher than at this time last year, an increase of 23% versus February 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 60%. The total number of active inventory this February was 25 compared to 63 in February 2018. This month's total of 25 is higher than the previous month's total supply of available inventory of 19, an increase of 32%.

Median Sale Price
Last February, the median sale price for Glencarlyn Homes was $405,000. This February, the median sale price was $376,250, a decrease of 7% or $28,750 compared to last year. The current median sold price is 1% lower 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.


New Listings
50
Current Contracts
36
Sold Vs. List Price
100.8%
Months of Supply
0.7
Down -14%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 1.1%
Vs. Year Ago
Down -67%
Vs. Year Ago

Months of Supply
In February, there was 0.7 months of supply available in Glencarlyn, compared to 2.0 in February 2018. That is a decrease of 68% 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 50 homes newly listed for sale in Glencarlyn compared to 58 in February 2018, a decrease of 14%. There were 36 current contracts pending sale this February compared to 37 a year ago. The number of current contracts remained stable as compared to last February.

Sale Price to List Price Ratio
In February, the average sale price in Glencarlyn was 100.8% of the average list price, which is 1.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 34, lower than the average last year, which was 37, a decrease of 8%.

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.