The Long & Foster Market Minute
Focus On: Reston Housing Market June 2017
Zip Code(s): 20194, 20190 and 20191
Units Sold
149
Active Inventory
285
Median Sale Price
$439,000
Days On Market
26
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 20%
Vs. Year Ago
Down -21%
Vs. Year Ago
No Change
Vs. Year Ago
Down -24%
Vs. Year Ago
Units Sold
There was an increase in total units sold in June, with 149 sold this month in Reston Real Estate versus 148 last month, an increase of 1%. This month's total units sold was higher than at this time last year, an increase of 20% versus June 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 75 units or 21%. The total number of active inventory this June was 285 compared to 360 in June 2016. This month's total of 285 is higher than the previous month's total supply of available inventory of 281, an increase of 1%.

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Median Sale Price
Last June, the median sale price for Reston Homes was $439,000. This June, the median sale price was $439,000, which is similar compared to a year ago. The current median sold price is 3% higher than in May.

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
180
Current Contracts
125
Sold Vs. List Price
99.0%
Months of Supply
1.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 2%
Vs. Year Ago
Up 8%
Vs. Year Ago
No Change
Vs. Year Ago
Down -34%
Vs. Year Ago
Months of Supply
In June, there was 1.9 months of supply available in Reston, compared to 2.9 in June 2016. That is a decrease of 34% 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 180 homes newly listed for sale in Reston compared to 177 in June 2016, an increase of 2%. There were 125 current contracts pending sale this June compared to 116 a year ago. The number of current contracts is 8% higher than last June.

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Sale Price to List Price Ratio
In June, the average sale price in Reston 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 26, lower than the average last year, which was 34, a decrease of 24%.

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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 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.