The Long & Foster Market Minute

Focus On: Reston Housing Market April 2019

Zip Code(s): 20194, 20190 and 20191
Units Sold
120
Active Inventory
206
Median Sale Price
$440,700
Days On Market
25
Down -6%
Vs. Year Ago
Down -4%
Vs. Year Ago
No Change
Vs. Year Ago
Up 56%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 120 sold this month in Reston Real Estate versus 102 last month, an increase of 18%. This month's total units sold was lower than at this time last year, a decrease of 6% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 9 units or 4%. The total number of active inventory this April was 206 compared to 215 in April 2018. This month's total of 206 is higher than the previous month's total supply of available inventory of 182, an increase of 13%.

Median Sale Price
Last April, the median sale price for Reston Homes was $440,000. This April, the median sale price was approximately the same at $440,700. The current median sold price is also similar to the median price 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
206
Current Contracts
135
Sold Vs. List Price
99.8%
Months of Supply
1.7
Down -6%
Vs. Year Ago
Down -19%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In April, there was 1.7 months of supply available in Reston. The amount of supply is similar compared to 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 206 homes newly listed for sale in Reston compared to 219 in April 2018, a decrease of 6%. There were 135 current contracts pending sale this April compared to 166 a year ago. The number of current contracts is 19% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Reston was 99.8% 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 25, higher than the average last year, which was 16, an increase of 56%.

The Long & Foster Market Minute Reston are defined as properties listed in zip code/s 20194, 20190 and 20191.
*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.