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FOCUS ON: ANNANDALE HOUSING MARKET |
JULY 2025 |
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Zip Code(s): 22003 |
Units Sold
48 |
Active Inventory
72 |
Median Sale Price
$817,450 |
Days On Market
20 |
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Down -30%
Vs. Year Ago |
Down -1%
Vs. Year Ago |
Up 9%
Vs. Year Ago |
Up 33%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 48 sold this month in Annandale Real Estate versus 65 last month, a decrease of 26%. This month's total units sold was lower than at this time last year, a decrease of 30% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 1 units or 1%. The total number of active inventory this July was 72 compared to 73 in July 2024. This month's total of 72 is lower than the previous month's total supply of available inventory of 86, a decrease of 16%.
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Median Sale Price
Last July, the median sale price for Annandale Homes was $750,000. This July, the median sale price was $817,450, an increase of 9% or $67,450 compared to last year. The current median sold price is 11% higher than in June.
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
42 |
Current Contracts
38 |
Sold Vs. List Price
100.2% |
Months of Supply
1.5 |
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Down -22%
Vs. Year Ago |
Down -19%
Vs. Year Ago |
Down -1.1%
Vs. Year Ago |
Up 42%
Vs. Year Ago |
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Months of Supply
In July, there was 1.5 months of supply available in Annandale, compared to 1.1 in July 2024. That is an increase of 42% 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 42 homes newly listed for sale in Annandale compared to 54 in July 2024, a decrease of 22%. There were 38 current contracts pending sale this July compared to 47 a year ago. The number of current contracts is 19% lower than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Annandale was 100.2% of the average list price, which is 1.1% lower than at this time last year.
Days on Market
This month, the average number of days on market was 20, higher than the average last year, which was 15, an increase of 33%.
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Annandale are defined as properties listed in zip code/s 22003. |
*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. |
Information 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. |