The Long & Foster Market Minute
Focus On: Reston Housing Market February 2017
Zip Code(s): 20194, 20190 and 20191
Units Sold
74
Active Inventory
188
Median Sale Price
$394,250
Days On Market
55
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 1%
Vs. Year Ago
Down -13%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -14%
Vs. Year Ago
Units Sold
There was an increase in total units sold in February, with 74 sold this month in Reston Real Estate versus 60 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 1% versus February 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 27 units or 13%. The total number of active inventory this February was 188 compared to 215 in February 2016. This month's total of 188 is higher than the previous month's total supply of available inventory of 161, an increase of 17%.

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Median Sale Price
Last February, the median sale price for Reston Homes was $400,000. This February, the median sale price was $394,250, a decrease of 1% or $5,750 compared to last year. The current median sold price is 2% higher than in January.

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
140
Current Contracts
97
Sold Vs. List Price
98.6%
Months of Supply
2.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 4%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -14%
Vs. Year Ago
Months of Supply
In February, there was 2.5 months of supply available in Reston, compared to 2.9 in February 2016. That is a decrease of 14% 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 140 homes newly listed for sale in Reston compared to 134 in February 2016, an increase of 4%. There were 97 current contracts pending sale this February compared to 99 a year ago. The number of current contracts is 2% lower than last February.

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Sale Price to List Price Ratio
In February, the average sale price in Reston was 98.6% of the average list price, which is 0.8% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 55, lower than the average last year, which was 64, a decrease of 14%.

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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.