The Long & Foster Market Minute

Focus On: Reston Housing Market December 2020

Zip Code(s): 20194, 20190 and 20191
Units Sold
122
Active Inventory
78
Median Sale Price
$467,500
Days On Market
20
Up 18%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -29%
Vs. Year Ago

Units Sold
There was an increase in total units sold in December, with 122 sold this month in Reston Real Estate versus 113 last month, an increase of 8%. This month's total units sold was higher than at this time last year, an increase of 18% versus December 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 10 units or 11%. The total number of active inventory this December was 78 compared to 88 in December 2019. This month's total of 78 is lower than the previous month's total supply of available inventory of 127, a decrease of 39%.

Median Sale Price
Last December, the median sale price for Reston Homes was $435,000. This December, the median sale price was $467,500, an increase of 7% or $32,500 compared to last year. The current median sold price is 5% lower 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.


New Listings
67
Current Contracts
90
Sold Vs. List Price
99.9%
Months of Supply
0.6
Up 34%
Vs. Year Ago
Up 38%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -25%
Vs. Year Ago

Months of Supply
In December, there was 0.6 months of supply available in Reston, compared to 0.9 in December 2019. That is a decrease of 25% 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.

New Listings & Current Contracts
This month there were 67 homes newly listed for sale in Reston compared to 50 in December 2019, an increase of 34%. There were 90 current contracts pending sale this December compared to 65 a year ago. The number of current contracts is 38% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Reston was 99.9% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 20, lower than the average last year, which was 28, a decrease of 29%.

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.