The Long & Foster Market Minute

Focus On: Stafford County Housing Market April 2019

Units Sold
253
Active Inventory
631
Median Sale Price
$370,000
Days On Market
52
Up 13%
Vs. Year Ago
Down -14%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 27%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 253 sold this month in Stafford County Real Estate versus 208 last month, an increase of 22%. This month's total units sold was higher than at this time last year, an increase of 13% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 103 units or 14%. The total number of active inventory this April was 631 compared to 734 in April 2018. This month's total of 631 is lower than the previous month's total supply of available inventory of 645, a decrease of 2%.

Median Sale Price
Last April, the median sale price for Stafford County Homes was $344,900. This April, the median sale price was $370,000, an increase of 7% or $25,100 compared to last year. The current median sold price is 7% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
416
Current Contracts
331
Sold Vs. List Price
99.2%
Months of Supply
2.5
Down -17%
Vs. Year Ago
Up 15%
Vs. Year Ago
No Change
Vs. Year Ago
Down -24%
Vs. Year Ago

Months of Supply
In April, there was 2.5 months of supply available in Stafford County, compared to 3.3 in April 2018. That is a decrease of 24% 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.

New Listings & Current Contracts
This month there were 416 homes newly listed for sale in Stafford County compared to 502 in April 2018, a decrease of 17%. There were 331 current contracts pending sale this April compared to 287 a year ago. The number of current contracts is 15% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Stafford County was 99.2% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 52, higher than the average last year, which was 41, an increase of 27%.

The Long & Foster Market Minute
*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.