The Long & Foster Market Minute
Focus On: Reston Housing Market April 2017
Zip Code(s): 20194, 20190 and 20191
Units Sold
114
Active Inventory
258
Median Sale Price
$404,450
Days On Market
24
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -22%
Vs. Year Ago
Down -26%
Vs. Year Ago
Down -8%
Vs. Year Ago
Down -37%
Vs. Year Ago
Units Sold
There was an increase in total units sold in April, with 114 sold this month in Reston Real Estate versus 109 last month, an increase of 5%. This month's total units sold was lower than at this time last year, a decrease of 22% versus April 2016.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is lower by 91 units or 26%. The total number of active inventory this April was 258 compared to 349 in April 2016. This month's total of 258 is higher than the previous month's total supply of available inventory of 235, an increase of 10%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last April, the median sale price for Reston Homes was $437,700. This April, the median sale price was $404,450, a decrease of 8% or $33,250 compared to last year. The current median sold price is 4% lower than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

Click here to compare the median sale price of this area against other locations.
New Listings
199
Current Contracts
133
Sold Vs. List Price
99.2%
Months of Supply
2.3
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -20%
Vs. Year Ago
Down -8%
Vs. Year Ago
No Change
Vs. Year Ago
Down -5%
Vs. Year Ago
Months of Supply
In April, there was 2.3 months of supply available in Reston, compared to 2.4 in April 2016. That is a decrease of 5% 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.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 199 homes newly listed for sale in Reston compared to 250 in April 2016, a decrease of 20%. There were 133 current contracts pending sale this April compared to 145 a year ago. The number of current contracts is 8% lower than last April.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In April, the average sale price in Reston was 99.2% of the average list price, which is similar compared to a year ago.

Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market
This month, the average number of days on market was 24, lower than the average last year, which was 38, a decrease of 37%.

Click here to compare the days on market of this area against other locations.
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.