The Long & Foster Market Minute
Focus On: Manassas Park City Housing Market September 2014
Units Sold
13
Active Inventory
67
Median Sale Price
$220,000
Days On Market
22
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 30%
Vs. Year Ago
Up 43%
Vs. Year Ago
Down -19%
Vs. Year Ago
Down -4%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in September, with 13 sold this month in Manassas Park City Real Estate versus 16 last month, a decrease of 19%. This month's total units sold was higher than at this time last year, an increase of 30% versus September 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 20 units or 43%. The total number of active inventory this September was 67 compared to 47 in September 2013. This month's total of 67 is higher than the previous month's total supply of available inventory of 61, an increase of 10%.

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Median Sale Price
Last September, the median sale price for Manassas Park City Homes was $271,250. This September, the median sale price was $220,000, a decrease of 19% or $51,250 compared to last year. The current median sold price is 9% 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.

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New Listings
30
Current Contracts
16
Sold Vs. List Price
97.7%
Months of Supply
5.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
No Change
Vs. Year Ago
Down -20%
Vs. Year Ago
Down -1.4%
Vs. Year Ago
Up 10%
Vs. Year Ago
Months of Supply
In September, there was 5.2 months of supply available in Manassas Park City, compared to 4.7 in September 2013. That is an increase of 10% 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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New Listings & Current Contracts
This month there were 30 homes newly listed for sale in Manassas Park City, which is similar to the amount in September 2013. There were 16 current contracts pending sale this September compared to 20 a year ago. The number of current contracts remained stable as compared to last September.

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Sale Price to List Price Ratio
In September, the average sale price in Manassas Park City was 97.7% of the average list price, which is 1.4% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 23, a decrease of 4%.

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*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.
REALTOR, Equal Opportunity HousingInformation 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.