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

There was a decrease in total units sold in September, with 43 sold this month in Windsor Farms, The Fan, and Museum District Real Estate versus 66 last month, a decrease of 35%. This month's total units sold was higher than at this time last year, an increase of 8% versus September 2017.

Versus last year, the total number of homes available this month is lower by 23 units or 17%. The total number of active inventory this September was 115 compared to 138 in September 2017. This month's total of 115 is higher than the previous month's total supply of available inventory of 112, an increase of 3%.

Last September, the median sale price for Windsor Farms, The Fan, and Museum District Homes was $293,475. This September, the median sale price was $268,000, a decrease of 9% or $25,475 compared to last year. The current median sold price is 14% lower than in August.

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

In September, there was 2.7 months of supply available in Windsor Farms, The Fan, and Museum District, compared to 3.5 in September 2017. That is a decrease of 22% 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 71 homes newly listed for sale in Windsor Farms, The Fan, and Museum District compared to 78 in September 2017, a decrease of 9%. There were 49 current contracts pending sale this September compared to 64 a year ago. The number of current contracts is 23% lower than last September.

In September, the average sale price in Windsor Farms, The Fan, and Museum District was 99.4% of the average list price, which is 1.1% higher than at this time last year.

This month, the average number of days on market was 17, which is similar compared to a year ago.





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

Zip Code(s): 23221, 23220, 23241 and 23219
Units Sold 43	Active Inventory 115	Median Sale Price $268,000	Days On Market 17

Up 7% Vs. Year Ago	Down -17% Vs. Year Ago	Down -9% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 43 sold this month in Windsor Farms, The Fan, and Museum District Real Estate versus 66 last month, a decrease of 35%. This month's total units sold was higher than at this time last year, an increase of 8% versus September 2017.
Active Inventory Versus last year, the total number of homes available this month is lower by 23 units or 17%. The total number of active inventory this September was 115 compared to 138 in September 2017. This month's total of 115 is higher than the previous month's total supply of available inventory of 112, an increase of 3%.
		Median Sale Price Last September, the median sale price for Windsor Farms, The Fan, and Museum District Homes was $293,475. This September, the median sale price was $268,000, a decrease of 9% or $25,475 compared to last year. The current median sold price is 14% lower than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 71	Current Contracts 49	Sold Vs. List Price 99.4%	Months of Supply 2.7

Down -9% Vs. Year Ago	Down -23% Vs. Year Ago	Up 1.2% Vs. Year Ago	Down -23% Vs. Year Ago


		Months of Supply In September, there was 2.7 months of supply available in Windsor Farms, The Fan, and Museum District, compared to 3.5 in September 2017. That is a decrease of 22% 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 71 homes newly listed for sale in Windsor Farms, The Fan, and Museum District compared to 78 in September 2017, a decrease of 9%. There were 49 current contracts pending sale this September compared to 64 a year ago. The number of current contracts is 23% lower than last September.
		Sale Price to List Price Ratio In September, the average sale price in Windsor Farms, The Fan, and Museum District was 99.4% of the average list price, which is 1.1% higher than at this time last year. Days on Market This month, the average number of days on market was 17, which is similar compared to a year ago.


	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.