The Long & Foster Market Minute
Focus On: Manassas Park City Housing Market January 2016
Units Sold
14
Active Inventory
47
Median Sale Price
$258,000
Days On Market
44
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -13%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 19%
Vs. Year Ago
Up 7%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in January, with 14 sold this month in Manassas Park City Real Estate versus 20 last month, a decrease of 30%. This month's total units sold was lower than at this time last year, a decrease of 13% versus January 2015.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 3 units or 7%. The total number of active inventory this January was 47 compared to 44 in January 2015. This month's total of 47 is lower than the previous month's total supply of available inventory of 60, a decrease of 22%.

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Median Sale Price
Last January, the median sale price for Manassas Park City Homes was $217,500. This January, the median sale price was $258,000, an increase of 19% or $40,500 compared to last year. The current median sold price is 21% lower than in December.

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
28
Sold Vs. List Price
96.8%
Months of Supply
3.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 22%
Vs. Year Ago
Up 33%
Vs. Year Ago
Up 2.3%
Vs. Year Ago
Up 22%
Vs. Year Ago
Months of Supply
In January, there was 3.4 months of supply available in Manassas Park City, compared to 2.8 in January 2015. That is an increase of 22% 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 18 in January 2015, an increase of 22%. There were 28 current contracts pending sale this January compared to 21 a year ago. The number of current contracts is 33% higher than last January.

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Sale Price to List Price Ratio
In January, the average sale price in Manassas Park City was 96.8% of the average list price, which is 2.2% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 44, higher than the average last year, which was 41, an increase of 7%.

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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.