The Long & Foster Market Minute

Focus On: Lincolnia Housing Market December 2017

Zip Code(s): 22312
Units Sold
31
Active Inventory
64
Median Sale Price
$390,000
Days On Market
36
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 24%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -37%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 31 sold this month in Lincolnia Real Estate versus 32 last month, a decrease of 3%. This month's total units sold was higher than at this time last year, an increase of 24% versus December 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 3 units or 4%. The total number of active inventory this December was 64 compared to 67 in December 2016. This month's total of 64 is lower than the previous month's total supply of available inventory of 85, a decrease of 25%.

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Median Sale Price
Last December, the median sale price for Lincolnia Homes was $425,000. This December, the median sale price was $390,000, a decrease of 8% or $35,000 compared to last year. The current median sold price is 4% lower than in November.

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
11
Current Contracts
17
Sold Vs. List Price
99.0%
Months of Supply
2.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -56%
Vs. Year Ago
Down -32%
Vs. Year Ago
Up 1.1%
Vs. Year Ago
Down -23%
Vs. Year Ago

Months of Supply
In December, there was 2.1 months of supply available in Lincolnia, compared to 2.7 in December 2016. That is a decrease of 23% 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 11 homes newly listed for sale in Lincolnia compared to 25 in December 2016, a decrease of 56%. There were 17 current contracts pending sale this December compared to 25 a year ago. The number of current contracts is 32% lower than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Lincolnia was 99.0% of the average list price, which is 1.1% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 36, lower than the average last year, which was 57, a decrease of 37%.

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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.