The Long & Foster Market Minute

Focus On: Stafford County Housing Market October 2017

Units Sold
171
Active Inventory
734
Median Sale Price
$327,500
Days On Market
34
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -6%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -28%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 171 sold this month in Stafford County Real Estate versus 188 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 6% versus October 2016.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is lower by 28 units or 4%. The total number of active inventory this October was 734 compared to 762 in October 2016. This month's total of 734 is lower than the previous month's total supply of available inventory of 802, a decrease of 8%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last October, the median sale price for Stafford County Homes was $310,000. This October, the median sale price was $327,500, an increase of 6% or $17,500 compared to last year. The current median sold price is 4% 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.

Click here to compare the median sale price of this area against other locations.

New Listings
280
Current Contracts
209
Sold Vs. List Price
98.3%
Months of Supply
4.3
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 12%
Vs. Year Ago
Up 23%
Vs. Year Ago
No Change
Vs. Year Ago
Up 2%
Vs. Year Ago

Months of Supply
In October, there was 4.3 months of supply available in Stafford County, compared to 4.2 in October 2016. That is an increase of 3% 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.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 280 homes newly listed for sale in Stafford County compared to 250 in October 2016, an increase of 12%. There were 209 current contracts pending sale this October compared to 170 a year ago. The number of current contracts is 23% higher than last October.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In October, the average sale price in Stafford County was 98.3% of the average list price, which is similar compared to a year ago.

Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market
This month, the average number of days on market was 34, lower than the average last year, which was 47, a decrease of 28%.

Click here to compare the days on market of this area against other locations.
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 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.