The Long & Foster Market Minute
Focus On: Stafford County Housing Market April 2017
Units Sold
192
Active Inventory
709
Median Sale Price
$343,500
Days On Market
39
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -10%
Vs. Year Ago
Down -13%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -17%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in April, with 192 sold this month in Stafford County Real Estate versus 195 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 10% versus April 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 104 units or 13%. The total number of active inventory this April was 709 compared to 813 in April 2016. This month's total of 709 is higher than the previous month's total supply of available inventory of 688, an increase of 3%.

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Median Sale Price
Last April, the median sale price for Stafford County Homes was $309,900. This April, the median sale price was $343,500, an increase of 11% or $33,600 compared to last year. The current median sold price is 9% 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.

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New Listings
422
Current Contracts
306
Sold Vs. List Price
99.0%
Months of Supply
3.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
No Change
Vs. Year Ago
Up 16%
Vs. Year Ago
No Change
Vs. Year Ago
Down -3%
Vs. Year Ago
Months of Supply
In April, there was 3.7 months of supply available in Stafford County, compared to 3.8 in April 2016. That is a decrease 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.

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New Listings & Current Contracts
This month there were 422 homes newly listed for sale in Stafford County, which is similar to the amount in April 2016. There were 306 current contracts pending sale this April compared to 264 a year ago. The number of current contracts is 16% higher than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Stafford County was 99.0% 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 39, lower than the average last year, which was 47, a decrease of 17%.

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*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.