The Long & Foster Market Minute
Focus On: Manassas Park City Housing Market December 2014
Units Sold
18
Active Inventory
56
Median Sale Price
$255,000
Days On Market
41
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -5%
Vs. Year Ago
Up 65%
Vs. Year Ago
No Change
Vs. Year Ago
Up 8%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in December, with 18 sold this month in Manassas Park City Real Estate versus 19 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 5% versus December 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 22 units or 65%. The total number of active inventory this December was 56 compared to 34 in December 2013. This month's supply remained stable as compared to last month.

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Median Sale Price
Last December, the median sale price for Manassas Park City Homes was $255,900. This December, the median sale price was $255,000, which is similar compared to a year ago. The current median sold price is 11% lower than in November.

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
21
Current Contracts
16
Sold Vs. List Price
98.0%
Months of Supply
3.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 40%
Vs. Year Ago
Up 23%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Up 74%
Vs. Year Ago
Months of Supply
In December, there was 3.1 months of supply available in Manassas Park City, compared to 1.8 in December 2013. That is an increase of 74% 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 21 homes newly listed for sale in Manassas Park City compared to 15 in December 2013, an increase of 40%. There were 16 current contracts pending sale this December compared to 13 a year ago. The number of current contracts is 23% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Manassas Park City was 98.0% of the average list price, which is 0.8% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 41, higher than the average last year, which was 38, an increase of 8%.

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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.