The Long & Foster Market Minute
Focus On: Manassas Park City Housing Market April 2015
Units Sold
29
Active Inventory
44
Median Sale Price
$265,000
Days On Market
38
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 36%
Vs. Year Ago
Units Sold
With relatively few transactions, there was an increase in total units sold in April, with 29 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 April 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 1 units or 2%. The total number of active inventory this April was 44 compared to 45 in April 2014. This month's total of 44 is lower than the previous month's total supply of available inventory of 45, a decrease of 2%.

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Median Sale Price
Last April, the median sale price for Manassas Park City Homes was $229,995. This April, the median sale price was $265,000, an increase of 15% or $35,005 compared to last year. The current median sold price is 1% higher than in March.

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
34
Current Contracts
25
Sold Vs. List Price
98.6%
Months of Supply
1.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -6%
Vs. Year Ago
Up 25%
Vs. Year Ago
Up 2.5%
Vs. Year Ago
Down -46%
Vs. Year Ago
Months of Supply
In April, there was 1.5 months of supply available in Manassas Park City, compared to 2.8 in April 2014. That is a decrease of 46% 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 34 homes newly listed for sale in Manassas Park City compared to 36 in April 2014, a decrease of 6%. There were 25 current contracts pending sale this April compared to 20 a year ago. The number of current contracts is 25% higher than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Manassas Park City was 98.6% of the average list price, which is 2.4% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 38, higher than the average last year, which was 28, an increase of 36%.

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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.