The Long & Foster Market Minute
Focus On: Manassas Park City Housing Market January 2015
Units Sold
13
Active Inventory
41
Median Sale Price
$215,000
Days On Market
47
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 21%
Vs. Year Ago
Units Sold
With relatively few transactions, there was a decrease in total units sold in January, with 13 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 January 2014.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 2 units or 5%. The total number of active inventory this January was 41 compared to 39 in January 2014. This month's total of 41 is lower than the previous month's total supply of available inventory of 57, a decrease of 28%.

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Median Sale Price
Last January, the median sale price for Manassas Park City Homes was $235,000. This January, the median sale price was $215,000, a decrease of 9% or $20,000 compared to last year. The current median sold price is 16% 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
17
Current Contracts
22
Sold Vs. List Price
97.6%
Months of Supply
3.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -15%
Vs. Year Ago
Up 175%
Vs. Year Ago
Down -1.1%
Vs. Year Ago
Down -27%
Vs. Year Ago
Months of Supply
In January, there was 3.2 months of supply available in Manassas Park City, compared to 4.3 in January 2014. That is a decrease of 27% 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 17 homes newly listed for sale in Manassas Park City compared to 20 in January 2014, a decrease of 15%. There were 22 current contracts pending sale this January compared to 8 a year ago. The number of current contracts is 175% 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 97.6% of the average list price, which is 1.1% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 47, higher than the average last year, which was 39, an increase of 21%.

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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.