The Long & Foster Market Minute

Focus On: Aldie, Stone Ridge, and Middleburg Housing Market December 2022

Zip Code(s): 20105 and 20117
Units Sold
33
Active Inventory
53
Median Sale Price
$784,000
Days On Market
31
Down -20%
Vs. Year Ago
Up 96%
Vs. Year Ago
Down -19%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 33 sold this month in Aldie, Stone Ridge, and Middleburg Real Estate versus 38 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 20% versus December 2021.

Active Inventory
Versus last year, the total number of homes available this month is higher by 26 units or 96%. The total number of active inventory this December was 53 compared to 27 in December 2021. This month's total of 53 is lower than the previous month's total supply of available inventory of 54, a decrease of 2%.

Median Sale Price
Last December, the median sale price for Aldie, Stone Ridge, and Middleburg Homes was $962,000. This December, the median sale price was $784,000, a decrease of 19% or $178,000 compared to last year. The current median sold price is 12% 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
23
Current Contracts
20
Sold Vs. List Price
99.3%
Months of Supply
1.6
Down -41%
Vs. Year Ago
Down -56%
Vs. Year Ago
Down -2.4%
Vs. Year Ago
Up 144%
Vs. Year Ago

Months of Supply
In December, there was 1.6 months of supply available in Aldie, Stone Ridge, and Middleburg, compared to 0.7 in December 2021. That is an increase of 144% 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 23 homes newly listed for sale in Aldie, Stone Ridge, and Middleburg compared to 39 in December 2021, a decrease of 41%. There were 20 current contracts pending sale this December compared to 45 a year ago. The number of current contracts is 56% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Aldie, Stone Ridge, and Middleburg was 99.3% of the average list price, which is 2.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 31, higher than the average last year, which was 14. This increase was impacted by the limited number of sales.

The Long & Foster Market Minute Aldie, Stone Ridge, and Middleburg are defined as properties listed in zip code/s 20105 and 20117.
*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.