The Long & Foster Market Minute
Focus On: Manassas Park City Housing Market June 2017
Units Sold
23
Active Inventory
36
Median Sale Price
$270,000
Days On Market
14
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -28%
Vs. Year Ago
Down -32%
Vs. Year Ago
Up 1%
Vs. Year Ago
Down
Vs. Year Ago
Units Sold
There was a decrease in total units sold in June, with 23 sold this month in Manassas Park City Real Estate versus 24 last month, a decrease of 4%. This month's total units sold was lower than at this time last year, a decrease of 28% versus June 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 17 units or 32%. The total number of active inventory this June was 36 compared to 53 in June 2016. This month's total of 36 is higher than the previous month's total supply of available inventory of 28, an increase of 29%.

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Median Sale Price
Last June, the median sale price for Manassas Park City Homes was $266,500. This June, the median sale price was $270,000, an increase of 1% or $3,500 compared to last year. The current median sold price is 4% lower than in May.

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
39
Current Contracts
25
Sold Vs. List Price
99.2%
Months of Supply
1.6
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 22%
Vs. Year Ago
Up 47%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago
Months of Supply
In June, there was 1.6 months of supply available in Manassas Park City. 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.

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New Listings & Current Contracts
This month there were 39 homes newly listed for sale in Manassas Park City compared to 32 in June 2016, an increase of 22%. There were 25 current contracts pending sale this June compared to 17 a year ago. The number of current contracts is 47% higher than last June.

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Sale Price to List Price Ratio
In June, the average sale price in Manassas Park City was 99.2% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 28. 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.