The Long & Foster Market Minute

Focus On: Manassas Park City Housing Market August 2017

Units Sold
25
Active Inventory
43
Median Sale Price
$265,000
Days On Market
26
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -7%
Vs. Year Ago
Down -20%
Vs. Year Ago
Down -22%
Vs. Year Ago
Down -37%
Vs. Year Ago

Units Sold
The number of units sold remained stable in August, with 25 sold this month in Manassas Park City Real Estate. This month's total units sold was lower than at this time last year, a decrease of 10% versus August 2016.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 20%. The total number of active inventory this August was 43 compared to 54 in August 2016. This month's total of 43 is higher than the previous month's total supply of available inventory of 40, an increase of 8%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last August, the median sale price for Manassas Park City Homes was $340,000. This August, the median sale price was $265,000, a decrease of 22% or $75,000 compared to last year. The current median sold price is 5% lower than in July.

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

Click here to compare the median sale price of this area against other locations.

New Listings
26
Current Contracts
16
Sold Vs. List Price
99.5%
Months of Supply
1.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -10%
Vs. Year Ago
Down -16%
Vs. Year Ago
No Change
Vs. Year Ago
Down -14%
Vs. Year Ago

Months of Supply
In August, there was 1.7 months of supply available in Manassas Park City, compared to 2.0 in August 2016. That is a decrease of 14% 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.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 26 homes newly listed for sale in Manassas Park City compared to 29 in August 2016, a decrease of 10%. There were 16 current contracts pending sale this August compared to 19 a year ago. The number of current contracts is 16% lower than last August.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In August, the average sale price in Manassas Park City was 99.5% of the average list price, which is similar compared to a year ago.

Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market
This month, the average number of days on market was 26, lower than the average last year, which was 41, a decrease of 37%.

Click here to compare the days on market of this area against other locations.
The Long & Foster Market Minute *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.