The Long & Foster Market Minute
Focus On: Stafford County Housing Market February 2017
Units Sold
136
Active Inventory
597
Median Sale Price
$304,000
Days On Market
56
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 16%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -14%
Vs. Year Ago
Units Sold
There was an increase in total units sold in February, with 136 sold this month in Stafford County Real Estate versus 129 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 16% versus February 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 73 units or 11%. The total number of active inventory this February was 597 compared to 670 in February 2016. This month's total of 597 is lower than the previous month's total supply of available inventory of 601, a decrease of 1%.

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Median Sale Price
Last February, the median sale price for Stafford County Homes was $285,000. This February, the median sale price was $304,000, an increase of 7% or $19,000 compared to last year. The current median sold price is 1% higher than in January.

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
285
Current Contracts
209
Sold Vs. List Price
97.8%
Months of Supply
4.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -7%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Down -23%
Vs. Year Ago
Months of Supply
In February, there was 4.4 months of supply available in Stafford County, compared to 5.7 in February 2016. That is a decrease of 23% 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 285 homes newly listed for sale in Stafford County compared to 308 in February 2016, a decrease of 7%. There were 209 current contracts pending sale this February compared to 184 a year ago. The number of current contracts is 14% higher than last February.

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Sale Price to List Price Ratio
In February, the average sale price in Stafford County was 97.8% of the average list price, which is 0.6% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 56, lower than the average last year, which was 65, a decrease of 14%.

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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.