The Long & Foster Market Minute

Focus On: Stafford County Housing Market September 2021

Units Sold
297
Active Inventory
291
Median Sale Price
$430,000
Days On Market
12
Up 7%
Vs. Year Ago
Up 31%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -20%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 297 sold this month in Stafford County Real Estate versus 376 last month, a decrease of 21%. This month's total units sold was higher than at this time last year, an increase of 7% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 69 units or 31%. The total number of active inventory this September was 291 compared to 222 in September 2020. This month's total of 291 is lower than the previous month's total supply of available inventory of 318, a decrease of 8%.

Median Sale Price
Last September, the median sale price for Stafford County Homes was $375,000. This September, the median sale price was $430,000, an increase of 15% or $55,000 compared to last year. The current median sold price is 3% lower than in August.

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


New Listings
322
Current Contracts
301
Sold Vs. List Price
100.7%
Months of Supply
1.0
Up 13%
Vs. Year Ago
Up 9%
Vs. Year Ago
No Change
Vs. Year Ago
Up 22%
Vs. Year Ago

Months of Supply
In September, there was 1.0 months of supply available in Stafford County, compared to 0.8 in September 2020. That is an increase of 23% 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 322 homes newly listed for sale in Stafford County compared to 284 in September 2020, an increase of 13%. There were 301 current contracts pending sale this September compared to 275 a year ago. The number of current contracts is 9% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Stafford County was 100.7% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 12, lower than the average last year, which was 15, a decrease of 20%.

The Long & Foster Market Minute
*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.