Herndon Housing Market Data

There was an increase in total units sold in April, with 88 sold this month in Herndon Real Estate. This month's total units sold was higher than at this time last year.

Click here to compare the units sold of this area against other locations.

Versus last year, the total number of homes available this month is lower by 61 units or 36%. The total number of active inventory this April was 107 compared to 168 in April 2012. This month's total of 107 is higher than the previous month's total supply of available inventory of 93, an increase of 15%.

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Last April, the median sale price for Herndon Homes was $445,000. This April, the median sale price was $466,250, an increase of 5% or $21,250 compared to last year. The current median sold price is 11% 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.

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In April, there was 1.2 months of supply available in Herndon, compared to 2.2 in April 2012. That is a decrease of 45% 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.

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This month there were 158 homes newly listed for sale in Herndon compared to 150 in April 2012, an increase of 5%. There were 129 current contracts pending sale this April compared to 104 a year ago. The number of current contracts is 24% higher than last April.

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Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Herndon was 99.5% of the average list price, which is 1.5% higher than at this time last year.

Click here to compare the sale price to list price ratio of this area against other locations.

This month, the average number of days on market was 17, lower than the average last year, which was 24, a decrease of 29%.

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Focus On: Herndon Housing Market			April 2013
Zip Code(s): 20170 and 20171
Units Sold 88	Active Inventory 107	Median Sale Price $466,250	Days On Market 17

Up Vs. Year Ago	Down -36% Vs. Year Ago	Up 5% Vs. Year Ago	Down -29% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 88 sold this month in Herndon Real Estate. This month's total units sold was higher than at this time last year. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 61 units or 36%. The total number of active inventory this April was 107 compared to 168 in April 2012. This month's total of 107 is higher than the previous month's total supply of available inventory of 93, an increase of 15%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Herndon Homes was $445,000. This April, the median sale price was $466,250, an increase of 5% or $21,250 compared to last year. The current median sold price is 11% 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. Click here to compare the median sale price of this area against other locations.



New Listings 158	Current Contracts 129	Sold Vs. List Price 99.5%	Months of Supply 1.2

Up 5% Vs. Year Ago	Up 24% Vs. Year Ago	Up 1.5% Vs. Year Ago	Down -45% Vs. Year Ago

iCharts		Months of Supply In April, there was 1.2 months of supply available in Herndon, compared to 2.2 in April 2012. That is a decrease of 45% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 158 homes newly listed for sale in Herndon compared to 150 in April 2012, an increase of 5%. There were 129 current contracts pending sale this April compared to 104 a year ago. The number of current contracts is 24% higher than last April. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Herndon was 99.5% of the average list price, which is 1.5% higher than at this time last year. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 17, lower than the average last year, which was 24, a decrease of 29%. Click here to compare the days on market of this area against other locations.		iCharts



Herndon are defined as properties listed in zip code/s 20170 and 20171.
*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.