The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market February 2017
Zip Code(s): 22206 and 22202
Units Sold
38
Active Inventory
91
Median Sale Price
$383,250
Days On Market
29
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 27%
Vs. Year Ago
Down -26%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -42%
Vs. Year Ago
Units Sold
There was an increase in total units sold in February, with 38 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 35 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 27% versus February 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 32 units or 26%. The total number of active inventory this February was 91 compared to 123 in February 2016. This month's total of 91 is lower than the previous month's total supply of available inventory of 107, a decrease of 15%.

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Median Sale Price
Last February, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $413,250. This February, the median sale price was $383,250, a decrease of 7% or $30,000 compared to last year. The current median sold price is 4% lower than in January.

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
57
Current Contracts
62
Sold Vs. List Price
99.0%
Months of Supply
2.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -8%
Vs. Year Ago
Up 29%
Vs. Year Ago
No Change
Vs. Year Ago
Down -42%
Vs. Year Ago
Months of Supply
In February, there was 2.4 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 4.1 in February 2016. That is a decrease of 42% 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 57 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 62 in February 2016, a decrease of 8%. There were 62 current contracts pending sale this February compared to 48 a year ago. The number of current contracts is 29% higher than last February.

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Sale Price to List Price Ratio
In February, the average sale price in Shirlington, Fairlington, and Crystal City was 99.0% 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 29, lower than the average last year, which was 50, a decrease of 42%.

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Shirlington, Fairlington, and Crystal City are defined as properties listed in zip code/s 22206 and 22202.
*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.