The Long & Foster Market Minute
Focus On: Manassas Park City Housing Market July 2014
Units Sold
31
Active Inventory
38
Median Sale Price
$255,000
Days On Market
31
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Down -5%
Vs. Year Ago
Up 16%
Vs. Year Ago
Up 24%
Vs. Year Ago
Units Sold
With relatively few transactions, there was an increase in total units sold in July, with 31 sold this month in Manassas Park City Real Estate. This month's total units sold was higher than at this time last year, an increase from July 2013.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 2 units or 5%. The total number of active inventory this July was 38 compared to 40 in July 2013. This month's total of 38 is lower than the previous month's total supply of available inventory of 40, a decrease of 5%.

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Median Sale Price
Last July, the median sale price for Manassas Park City Homes was $220,000. This July, the median sale price was $255,000, an increase of 16% or $35,000 compared to last year. The current median sold price is 6% 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.

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New Listings
23
Current Contracts
15
Sold Vs. List Price
98.8%
Months of Supply
1.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -18%
Vs. Year Ago
Down -40%
Vs. Year Ago
Down -1.6%
Vs. Year Ago
Down -48%
Vs. Year Ago
Months of Supply
In July, there was 1.2 months of supply available in Manassas Park City, compared to 2.4 in July 2013. That is a decrease of 48% 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 23 homes newly listed for sale in Manassas Park City compared to 28 in July 2013, a decrease of 18%. There were 15 current contracts pending sale this July compared to 25 a year ago. The number of current contracts is 40% lower than last July.

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Sale Price to List Price Ratio
In July, the average sale price in Manassas Park City was 98.8% of the average list price, which is 1.6% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 31, higher than the average last year, which was 25, an increase of 24%.

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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.