The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market July 2016
Zip Code(s): 22206 and 22202
Units Sold
68
Active Inventory
137
Median Sale Price
$437,500
Days On Market
31
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 13%
Vs. Year Ago
No Change
Vs. Year Ago
Up 2%
Vs. Year Ago
Down -21%
Vs. Year Ago
Units Sold
There was an increase in total units sold in July, with 68 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 66 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 13% versus July 2015.

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Active Inventory
The total number of homes available this month is 137 units, which is similar compared to a year ago. This month's total of 137 is higher than the previous month's total supply of available inventory of 132, an increase of 4%.

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Median Sale Price
Last July, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $430,000. This July, the median sale price was $437,500, an increase of 2% or $7,500 compared to last year. The current median sold price is 2% higher than in June.

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
84
Current Contracts
53
Sold Vs. List Price
98.4%
Months of Supply
2.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 20%
Vs. Year Ago
Up 32%
Vs. Year Ago
No Change
Vs. Year Ago
Down -12%
Vs. Year Ago
Months of Supply
In July, there was 2.0 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 2.3 in July 2015. That is a decrease of 12% 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 84 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 70 in July 2015, an increase of 20%. There were 53 current contracts pending sale this July compared to 40 a year ago. The number of current contracts is 33% higher than last July.

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Sale Price to List Price Ratio
In July, the average sale price in Shirlington, Fairlington, and Crystal City was 98.4% 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 31, lower than the average last year, which was 39, a decrease of 21%.

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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.