Chantilly and South Riding Housing Market Data

There was an increase in total units sold in April, with 44 sold this month in Chantilly and South Riding 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 lower by 26 units or 16%. The total number of active inventory this April was 136 compared to 162 in April 2011. This month's total of 136 is lower than the previous month's total supply of available inventory of 156, a decrease of 13%.

Last April, the median sale price for Chantilly and South Riding Homes was $400,000. This April, the median sale price was $404,519, an increase of 1% or $4,519 compared to last year. The current median sold price is 7% higher than in March.

In April, there was 3.1 months of supply available in Chantilly and South Riding, compared to 4.6 in April 2011. That is a decrease of 33% versus a year ago.

This month there were 93 homes newly listed for sale in Chantilly and South Riding compared to 84 in April 2011, an increase of 11%. There were 83 current contracts pending sale this April compared to 43 a year ago. The number of current contracts is 93% higher than last April.

In April, the average sale price in Chantilly and South Riding was 98.6% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 33, lower than the average last year, which was 78, a decrease of 58%.




Focus On: Chantilly and South Riding Housing Market			April 2012
Zip Code(s): 20152
Units Sold 44	Active Inventory 136	Median Sale Price $404,519	Days On Market 33

Up Vs. Year Ago	Down -16% Vs. Year Ago	Up 1% Vs. Year Ago	Down -58% Vs. Year Ago

		Units Sold There was an increase in total units sold in April, with 44 sold this month in Chantilly and South Riding 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 lower by 26 units or 16%. The total number of active inventory this April was 136 compared to 162 in April 2011. This month's total of 136 is lower than the previous month's total supply of available inventory of 156, a decrease of 13%.
		Median Sale Price Last April, the median sale price for Chantilly and South Riding Homes was $400,000. This April, the median sale price was $404,519, an increase of 1% or $4,519 compared to last year. The current median sold price is 7% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 93	Current Contracts 83	Sold Vs. List Price 98.6%	Months of Supply 3.1

Up 11% Vs. Year Ago	Up 93% Vs. Year Ago	No Change Vs. Year Ago	Down -33% Vs. Year Ago

		Months of Supply In April, there was 3.1 months of supply available in Chantilly and South Riding, compared to 4.6 in April 2011. That is a decrease of 33% 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 93 homes newly listed for sale in Chantilly and South Riding compared to 84 in April 2011, an increase of 11%. There were 83 current contracts pending sale this April compared to 43 a year ago. The number of current contracts is 93% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Chantilly and South Riding was 98.6% 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 33, lower than the average last year, which was 78, a decrease of 58%.



Chantilly and South Riding are defined as properties listed in zip code/s 20152.
*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 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.