The Long & Foster Market Minute
Focus On: Manassas Park City Housing Market December 2016
Units Sold
10
Active Inventory
31
Median Sale Price
$250,000
Days On Market
13
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down
Vs. Year Ago
Down -52%
Vs. Year Ago
Down -23%
Vs. Year Ago
Down
Vs. Year Ago
Units Sold
With relatively few transactions, there was a decrease in total units sold in December, with 10 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 from December 2015.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 33 units or 52%. The total number of active inventory this December was 31 compared to 64 in December 2015. This month's total of 31 is lower than the previous month's total supply of available inventory of 46, a decrease of 33%.

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Median Sale Price
Last December, the median sale price for Manassas Park City Homes was $324,925. This December, the median sale price was $250,000, a decrease of 23% or $74,925 compared to last year. The current median sold price is 6% 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
15
Current Contracts
21
Sold Vs. List Price
99.3%
Months of Supply
3.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -17%
Vs. Year Ago
Up 50%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Down -3%
Vs. Year Ago
Months of Supply
In December, there was 3.1 months of supply available in Manassas Park City, compared to 3.2 in December 2015. That is a decrease of 3% 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 15 homes newly listed for sale in Manassas Park City compared to 18 in December 2015, a decrease of 17%. There were 21 current contracts pending sale this December compared to 14 a year ago. The number of current contracts is 50% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Manassas Park City was 99.3% of the average list price, which is 0.9% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 40. This decrease was impacted by the limited number of sales.

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*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.