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

There was a decrease in total units sold in July, with 81 sold this month in Windsor Farms, The Fan, and Museum District Real Estate versus 100 last month, a decrease of 19%. This month's total units sold was higher than at this time last year, an increase of 29% versus July 2017.

Versus last year, the total number of homes available this month is lower by 4 units or 4%. The total number of active inventory this July was 95 compared to 99 in July 2017. This month's total of 95 is higher than the previous month's total supply of available inventory of 91, an increase of 4%.

Last July, the median sale price for Windsor Farms, The Fan, and Museum District Homes was $269,000. This July, the median sale price was $385,000, an increase of $116,000 compared to last year. The current median sold price is 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.

In July, there was 1.2 months of supply available in Windsor Farms, The Fan, and Museum District, compared to 1.6 in July 2017. That is a decrease of 25% 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 77 homes newly listed for sale in Windsor Farms, The Fan, and Museum District compared to 54 in July 2017, an increase of 43%. There were 62 current contracts pending sale this July compared to 59 a year ago. The number of current contracts is 5% higher than last July.

In July, the average sale price in Windsor Farms, The Fan, and Museum District was 101.1% of the average list price, which is 1.2% higher than at this time last year.

This month, the average number of days on market was 16, lower than the average last year, which was 21, a decrease of 24%.





Focus On: Windsor Farms, The Fan, and Museum District Housing Market			July 2018

Zip Code(s): 23221, 23220, 23241 and 23219
Units Sold 81	Active Inventory 95	Median Sale Price $385,000	Days On Market 16

Up 29% Vs. Year Ago	Down -4% Vs. Year Ago	Up Vs. Year Ago	Down -24% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 81 sold this month in Windsor Farms, The Fan, and Museum District Real Estate versus 100 last month, a decrease of 19%. This month's total units sold was higher than at this time last year, an increase of 29% versus July 2017.
Active Inventory Versus last year, the total number of homes available this month is lower by 4 units or 4%. The total number of active inventory this July was 95 compared to 99 in July 2017. This month's total of 95 is higher than the previous month's total supply of available inventory of 91, an increase of 4%.
		Median Sale Price Last July, the median sale price for Windsor Farms, The Fan, and Museum District Homes was $269,000. This July, the median sale price was $385,000, an increase of $116,000 compared to last year. The current median sold price is 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.



New Listings 77	Current Contracts 62	Sold Vs. List Price 101.1%	Months of Supply 1.2

Up 43% Vs. Year Ago	Up 5% Vs. Year Ago	Up 1.2% Vs. Year Ago	Down -25% Vs. Year Ago


		Months of Supply In July, there was 1.2 months of supply available in Windsor Farms, The Fan, and Museum District, compared to 1.6 in July 2017. That is a decrease of 25% 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 77 homes newly listed for sale in Windsor Farms, The Fan, and Museum District compared to 54 in July 2017, an increase of 43%. There were 62 current contracts pending sale this July compared to 59 a year ago. The number of current contracts is 5% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Windsor Farms, The Fan, and Museum District was 101.1% of the average list price, which is 1.2% higher than at this time last year. Days on Market This month, the average number of days on market was 16, lower than the average last year, which was 21, a decrease of 24%.


	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.