The Long & Foster Market Minute

Focus On: Shirlington, Fairlington, and Crystal City Housing Market October 2017

Zip Code(s): 22206 and 22202
Units Sold
53
Active Inventory
101
Median Sale Price
$428,500
Days On Market
37
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -10%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 3%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 53 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 52 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 10% versus October 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 10 units or 9%. The total number of active inventory this October was 101 compared to 111 in October 2016. This month's total of 101 is lower than the previous month's total supply of available inventory of 123, a decrease of 18%.

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Median Sale Price
Last October, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $417,000. This October, the median sale price was $428,500, an increase of 3% or $11,500 compared to last year. The current median sold price is 3% higher than in September.

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
61
Sold Vs. List Price
98.9%
Months of Supply
1.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 16%
Vs. Year Ago
Up 11%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In October, there was 1.9 months of supply available in Shirlington, Fairlington, and Crystal 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 57 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 49 in October 2016, an increase of 16%. There were 61 current contracts pending sale this October compared to 55 a year ago. The number of current contracts is 11% higher than last October.

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Sale Price to List Price Ratio
In October, the average sale price in Shirlington, Fairlington, and Crystal City was 98.9% 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 37, higher than the average last year, which was 36, an increase of 3%.

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The Long & Foster Market Minute 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.