The Long & Foster Market Minute

Focus On: Lincolnia Housing Market September 2018

Zip Code(s): 22312
Units Sold
24
Active Inventory
98
Median Sale Price
$446,950
Days On Market
31
Down
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -3%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in September, with 24 sold this month in Lincolnia Real Estate. This month's total units sold was lower than at this time last year, a decrease from September 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 12 units or 11%. The total number of active inventory this September was 98 compared to 110 in September 2017. This month's total of 98 is lower than the previous month's total supply of available inventory of 99, a decrease of 1%.

Median Sale Price
Last September, the median sale price for Lincolnia Homes was $390,000. This September, the median sale price was $446,950, an increase of 15% or $56,950 compared to last year. The current median sold price is 1% lower than in August.

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


New Listings
52
Current Contracts
36
Sold Vs. List Price
99.0%
Months of Supply
4.1
Up 24%
Vs. Year Ago
Up 38%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In September, there was 4.1 months of supply available in Lincolnia. The amount of supply is similar compared to 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 52 homes newly listed for sale in Lincolnia compared to 42 in September 2017, an increase of 24%. There were 36 current contracts pending sale this September compared to 26 a year ago. The number of current contracts is 38% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Lincolnia was 99.0% 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 31, lower than the average last year, which was 32, a decrease of 3%.

The Long & Foster Market Minute Lincolnia are defined as properties listed in zip code/s 22312.
*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.