The Long & Foster Market Minute
Focus On: Manassas Park City Housing Market July 2016
Units Sold
22
Active Inventory
42
Median Sale Price
$265,000
Days On Market
42
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down
Vs. Year Ago
Down -38%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up
Vs. Year Ago
Units Sold
With relatively few transactions, there was a decrease in total units sold in July, with 22 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 July 2015.

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 26 units or 38%. The total number of active inventory this July was 42 compared to 68 in July 2015. This month's total of 42 is lower than the previous month's total supply of available inventory of 45, a decrease of 7%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last July, the median sale price for Manassas Park City Homes was $270,000. This July, the median sale price was approximately the same at $265,000. The current median sold price is 2% lower than in July 2015.

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
35
Current Contracts
34
Sold Vs. List Price
95.9%
Months of Supply
1.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 17%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -3.2%
Vs. Year Ago
No Change
Vs. Year Ago
Months of Supply
In July, there was 1.9 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.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 35 homes newly listed for sale in Manassas Park City compared to 30 in July 2015, an increase of 17%. There were 34 current contracts pending sale this July compared to 32 a year ago. The number of current contracts is 6% higher than last July.

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 July, the average sale price in Manassas Park City was 95.9% of the average list price, which is 3.2% lower than at this time last year.

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 42, higher than the average last year, which was 28. This increase was impacted by the limited number of sales.

Click here to compare the days on market of this area against other locations.
*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.