The Long & Foster Market Minute

Focus On: Lincolnia Housing Market July 2018

Zip Code(s): 22312
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -18%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -8%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in July, with 32 sold this month in Lincolnia Real Estate. This month's total units sold was lower than at this time last year, a decrease from July 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 20 units or 18%. The total number of active inventory this July was 90 compared to 110 in July 2017. This month's total of 90 is lower than the previous month's total supply of available inventory of 102, a decrease of 12%.

Median Sale Price
Last July, the median sale price for Lincolnia Homes was $432,450. This July, the median sale price was $430,000, a decrease of 1% or $2,450 compared to last year. The current median sold price is 1% lower 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.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -33%
Vs. Year Ago
Up 64%
Vs. Year Ago
No Change
Vs. Year Ago
Up 12%
Vs. Year Ago

Months of Supply
In July, there was 2.8 months of supply available in Lincolnia, compared to 2.5 in July 2017. That is an increase of 13% 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 40 homes newly listed for sale in Lincolnia compared to 60 in July 2017, a decrease of 33%. There were 41 current contracts pending sale this July compared to 25 a year ago. The number of current contracts is 64% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Lincolnia was 99.1% 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 22, lower than the average last year, which was 24, a decrease of 8%.

The Long & Foster Market Minute Lincolnia are defined as properties listed in zip code/s 22312.
*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.