Windsor Farms, The Fan, and Museum District Housing Market Data

There was an increase in total units sold in March, with 72 sold this month in Windsor Farms, The Fan, and Museum District Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 6 units or 7%. The total number of active inventory this March was 96 compared to 90 in March 2018. This month's total of 96 is higher than the previous month's total supply of available inventory of 89, an increase of 8%.

Last March, the median sale price for Windsor Farms, The Fan, and Museum District Homes was $295,195. This March, the median sale price was $371,500, an increase of $76,305 compared to last year. The current median sold price is higher than in February.

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

In March, there was 1.3 months of supply available in Windsor Farms, The Fan, and Museum District. The amount of supply is similar compared to 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 87 homes newly listed for sale in Windsor Farms, The Fan, and Museum District compared to 78 in March 2018, an increase of 12%. There were 73 current contracts pending sale this March compared to 61 a year ago. The number of current contracts is 20% higher than last March.

In March, the average sale price in Windsor Farms, The Fan, and Museum District was 98.8% of the average list price, which is 1.9% lower than at this time last year.

This month, the average number of days on market was 26, lower than the average last year, which was 38, a decrease of 32%.





Focus On: Windsor Farms, The Fan, and Museum District Housing Market			March 2019

Zip Code(s): 23221, 23220, 23241 and 23219
Units Sold 72	Active Inventory 96	Median Sale Price $371,500	Days On Market 26

Up 13% Vs. Year Ago	Up 7% Vs. Year Ago	Up 26% Vs. Year Ago	Down -32% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 72 sold this month in Windsor Farms, The Fan, and Museum District Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 6 units or 7%. The total number of active inventory this March was 96 compared to 90 in March 2018. This month's total of 96 is higher than the previous month's total supply of available inventory of 89, an increase of 8%.
		Median Sale Price Last March, the median sale price for Windsor Farms, The Fan, and Museum District Homes was $295,195. This March, the median sale price was $371,500, an increase of $76,305 compared to last year. The current median sold price is higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 87	Current Contracts 73	Sold Vs. List Price 98.8%	Months of Supply 1.3

Up 12% Vs. Year Ago	Up 20% Vs. Year Ago	Down -1.9% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 1.3 months of supply available in Windsor Farms, The Fan, and Museum District. The amount of supply is similar compared to 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 87 homes newly listed for sale in Windsor Farms, The Fan, and Museum District compared to 78 in March 2018, an increase of 12%. There were 73 current contracts pending sale this March compared to 61 a year ago. The number of current contracts is 20% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Windsor Farms, The Fan, and Museum District was 98.8% of the average list price, which is 1.9% lower than at this time last year. Days on Market This month, the average number of days on market was 26, lower than the average last year, which was 38, a decrease of 32%.


	Windsor Farms, The Fan, and Museum District are defined as properties listed in zip code/s 23221, 23220, 23241 and 23219.
	*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 CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc.