The Long & Foster Market Minute
Focus On: Reston Housing Market December 2016
Zip Code(s): 20194, 20190 and 20191
Units Sold
94
Active Inventory
185
Median Sale Price
$434,950
Days On Market
51
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -1%
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -7%
Vs. Year Ago
Units Sold
There was an increase in total units sold in December, with 94 sold this month in Reston Real Estate versus 89 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 1% versus December 2015.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 53 units or 22%. The total number of active inventory this December was 185 compared to 238 in December 2015. This month's total of 185 is lower than the previous month's total supply of available inventory of 229, a decrease of 19%.

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Median Sale Price
Last December, the median sale price for Reston Homes was $387,000. This December, the median sale price was $434,950, an increase of 12% or $47,950 compared to last year. The current median sold price is 1% higher than in November.

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
64
Current Contracts
62
Sold Vs. List Price
98.5%
Months of Supply
2.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 2%
Vs. Year Ago
Down -13%
Vs. Year Ago
No Change
Vs. Year Ago
Down -22%
Vs. Year Ago
Months of Supply
In December, there was 2.0 months of supply available in Reston, compared to 2.5 in December 2015. That is a decrease of 21% 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 64 homes newly listed for sale in Reston compared to 63 in December 2015, an increase of 2%. There were 62 current contracts pending sale this December compared to 71 a year ago. The number of current contracts is 13% lower than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Reston was 98.5% 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 51, lower than the average last year, which was 55, a decrease of 7%.

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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.