REMINGTON, MIDLAND, AND SOUTHERN FAUQUIER COUNTY HOUSING MARKET DATA

The number of units sold remained stable in May, with 32 sold this month in Remington, Midland, and Southern Fauquier County Real Estate. This month's total units sold was higher than at this time last year, an increase of 23% versus May 2024.

Versus last year, the total number of homes available this month is higher by 19 units or 43%. The total number of active inventory this May was 63 compared to 44 in May 2024. This month's total of 63 is higher than the previous month's total supply of available inventory of 59, an increase of 7%.

Last May, the median sale price for Remington, Midland, and Southern Fauquier County Homes was $465,000. This May, the median sale price was $554,000, an increase of 19% or $89,000 compared to last year. The current median sold price is 2% lower than in April.

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

In May, there was 2.0 months of supply available in Remington, Midland, and Southern Fauquier County, compared to 1.6 in May 2024. That is an increase of 21% 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.

This month there were 38 homes newly listed for sale in Remington, Midland, and Southern Fauquier County compared to 31 in May 2024, an increase of 23%. There were 26 current contracts pending sale this May compared to 20 a year ago. The number of current contracts is 30% higher than last May.

In May, the average sale price in Remington, Midland, and Southern Fauquier County was 99.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 32, higher than the average last year, which was 17. This increase was impacted by the limited number of sales.





FOCUS ON: REMINGTON, MIDLAND, AND SOUTHERN FAUQUIER COUNTY HOUSING MARKET			MAY 2025

Zip Code(s): 20119, 20138, 20139, 22712, 22720, 22728, 22734 and 22742
Units Sold 32	Active Inventory 63	Median Sale Price $554,000	Days On Market 32

Up 19% Vs. Year Ago	Up 43% Vs. Year Ago	Up 19% Vs. Year Ago	Up Vs. Year Ago


		Units Sold The number of units sold remained stable in May, with 32 sold this month in Remington, Midland, and Southern Fauquier County Real Estate. This month's total units sold was higher than at this time last year, an increase of 23% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 19 units or 43%. The total number of active inventory this May was 63 compared to 44 in May 2024. This month's total of 63 is higher than the previous month's total supply of available inventory of 59, an increase of 7%.
		Median Sale Price Last May, the median sale price for Remington, Midland, and Southern Fauquier County Homes was $465,000. This May, the median sale price was $554,000, an increase of 19% or $89,000 compared to last year. The current median sold price is 2% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 38	Current Contracts 26	Sold Vs. List Price 99.8%	Months of Supply 2.0

Up 23% Vs. Year Ago	Up 30% Vs. Year Ago	No Change Vs. Year Ago	Up 21% Vs. Year Ago


		Months of Supply In May, there was 2.0 months of supply available in Remington, Midland, and Southern Fauquier County, compared to 1.6 in May 2024. That is an increase of 21% 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 38 homes newly listed for sale in Remington, Midland, and Southern Fauquier County compared to 31 in May 2024, an increase of 23%. There were 26 current contracts pending sale this May compared to 20 a year ago. The number of current contracts is 30% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Remington, Midland, and Southern Fauquier County was 99.8% 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 32, higher than the average last year, which was 17. This increase was impacted by the limited number of sales.


	Remington, Midland, and Southern Fauquier County are defined as properties listed in zip code/s 20119, 20138, 20139, 22712, 22720, 22728, 22734 and 22742.
	*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.