The Long & Foster Market Minute
Focus On: Stafford County Housing Market August 2016
Units Sold
264
Active Inventory
723
Median Sale Price
$300,000
Days On Market
41
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 22%
Vs. Year Ago
Down -23%
Vs. Year Ago
No Change
Vs. Year Ago
Down -25%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in August, with 264 sold this month in Stafford County Real Estate versus 272 last month, a decrease of 3%. This month's total units sold was higher than at this time last year, an increase of 22% versus August 2015.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 219 units or 23%. The total number of active inventory this August was 723 compared to 942 in August 2015. This month's total of 723 is lower than the previous month's total supply of available inventory of 797, a decrease of 9%.

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Median Sale Price
Last August, the median sale price for Stafford County Homes was $300,000. This August, the median sale price was $300,000, which is similar compared to a year ago. The current median sold price is 1% higher than in July.

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
293
Current Contracts
241
Sold Vs. List Price
99.1%
Months of Supply
2.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -4%
Vs. Year Ago
Up 18%
Vs. Year Ago
No Change
Vs. Year Ago
Down -37%
Vs. Year Ago
Months of Supply
In August, there was 2.7 months of supply available in Stafford County, compared to 4.4 in August 2015. That is a decrease of 37% 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 293 homes newly listed for sale in Stafford County compared to 305 in August 2015, a decrease of 4%. There were 241 current contracts pending sale this August compared to 204 a year ago. The number of current contracts is 18% higher than last August.

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Sale Price to List Price Ratio
In August, the average sale price in Stafford County was 99.1% 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 41, lower than the average last year, which was 55, a decrease of 25%.

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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.