The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market June 2017
Zip Code(s): 22206 and 22202
Units Sold
68
Active Inventory
119
Median Sale Price
$459,750
Days On Market
18
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 3%
Vs. Year Ago
Down -13%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -47%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in June, with 68 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 77 last month, a decrease of 12%. This month's total units sold was higher than at this time last year, an increase of 3% 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 13%. The total number of active inventory this June was 119 compared to 136 in June 2016. This month's total of 119 is higher than the previous month's total supply of available inventory of 118, an increase of 1%.

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Median Sale Price
Last June, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $429,950. This June, the median sale price was approximately the same at $459,750. The current median sold price is 7% higher than in June 2016.

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
74
Current Contracts
63
Sold Vs. List Price
99.4%
Months of Supply
1.8
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -13%
Vs. Year Ago
Down -11%
Vs. Year Ago
No Change
Vs. Year Ago
Down -15%
Vs. Year Ago
Months of Supply
In June, there was 1.8 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 2.1 in June 2016. That is a decrease of 15% 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 74 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 85 in June 2016, a decrease of 13%. There were 63 current contracts pending sale this June compared to 71 a year ago. The number of current contracts is 11% lower than last June.

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Sale Price to List Price Ratio
In June, the average sale price in Shirlington, Fairlington, and Crystal City was 99.4% 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 18, lower than the average last year, which was 34, a decrease of 47%.

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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.