The Long & Foster Market Minute
Focus On: Manassas Park City Housing Market June 2015
Units Sold
18
Active Inventory
75
Median Sale Price
$240,000
Days On Market
42
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -25%
Vs. Year Ago
Up 39%
Vs. Year Ago
No Change
Vs. Year Ago
Up
Vs. Year Ago
Units Sold
There was a decrease in total units sold in June, with 18 sold this month in Manassas Park City Real Estate versus 27 last month, a decrease of 33%. This month's total units sold was lower than at this time last year, a decrease of 25% versus June 2014.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 21 units or 39%. The total number of active inventory this June was 75 compared to 54 in June 2014. This month's total of 75 is higher than the previous month's total supply of available inventory of 67, an increase of 12%.

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Median Sale Price
Last June, the median sale price for Manassas Park City Homes was $240,500. This June, the median sale price was $240,000, which is similar compared to a year ago. The current median sold price is 13% lower than in May.

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
51
Current Contracts
33
Sold Vs. List Price
98.8%
Months of Supply
4.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 65%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Up 85%
Vs. Year Ago
Months of Supply
In June, there was 4.2 months of supply available in Manassas Park City, compared to 2.3 in June 2014. That is an increase of 85% 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 51 homes newly listed for sale in Manassas Park City compared to 31 in June 2014, an increase of 65%. There were 33 current contracts pending sale this June compared to 30 a year ago. The number of current contracts is 10% higher than last June.

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Sale Price to List Price Ratio
In June, the average sale price in Manassas Park City was 98.8% of the average list price, which is 0.7% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 42, higher than the average last year, which was 23. This increase was impacted by the limited number of sales.

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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.