The Long & Foster Market Minute
Focus On: Manassas Park City Housing Market March 2014
Units Sold
12
Active Inventory
29
Median Sale Price
$224,950
Days On Market
36
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down
Vs. Year Ago
Up 21%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up
Vs. Year Ago
Units Sold
With relatively few transactions, there was a decrease in total units sold in March, with 12 sold this month in Manassas Park City Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 5 units or 21%. The total number of active inventory this March was 29 compared to 24 in March 2013. This month's total of 29 is lower than the previous month's total supply of available inventory of 33, a decrease of 12%.

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Median Sale Price
Last March, the median sale price for Manassas Park City Homes was $218,250. This March, the median sale price was $224,950, an increase of 3% or $6,700 compared to last year. The current median sold price is 8% higher than in February.

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
22
Current Contracts
24
Sold Vs. List Price
100.4%
Months of Supply
2.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -8%
Vs. Year Ago
Up 41%
Vs. Year Ago
Up 0.5%
Vs. Year Ago
Up 102%
Vs. Year Ago
Months of Supply
In March, there was 2.4 months of supply available in Manassas Park City, compared to 1.2 in March 2013. That is an increase of 101% 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 22 homes newly listed for sale in Manassas Park City compared to 24 in March 2013, a decrease of 8%. There were 24 current contracts pending sale this March compared to 17 a year ago. The number of current contracts is 41% higher than last March.

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Sale Price to List Price Ratio
In March, the average sale price in Manassas Park City was 100.4% of the average list price, which is 0.5% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 36, higher than the average last year, which was 21. 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.