Midlothian Housing Market Data

There was an increase in total units sold in April, with 118 sold this month in Midlothian Real Estate versus 107 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 2% versus April 2012.

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Versus last year, the total number of homes available this month is lower by 85 units or 14%. The total number of active inventory this April was 508 compared to 593 in April 2012. This month's supply remained stable as compared to last month.

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Last April, the median sale price for Midlothian Homes was $234,000. This April, the median sale price was $237,623, an increase of 2% or $3,623 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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In April, there was 4.3 months of supply available in Midlothian, compared to 4.9 in April 2012. That is a decrease of 12% 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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This month there were 264 homes newly listed for sale in Midlothian compared to 218 in April 2012, an increase of 21%. There were 213 current contracts pending sale this April compared to 126 a year ago. The number of current contracts is 69% higher than last April.

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Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Midlothian was 99.1% of the average list price, which is 2.0% higher than at this time last year.

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This month, the average number of days on market was 52, lower than the average last year, which was 79, a decrease of 34%.

Click here to compare the days on market of this area against other locations.




Focus On: Midlothian Housing Market			April 2013
Zip Code(s): 23112, 23114 and 23113
Units Sold 118	Active Inventory 508	Median Sale Price $237,623	Days On Market 52

Down -2% Vs. Year Ago	Down -14% Vs. Year Ago	Up 2% Vs. Year Ago	Down -34% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 118 sold this month in Midlothian Real Estate versus 107 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 2% versus April 2012. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 85 units or 14%. The total number of active inventory this April was 508 compared to 593 in April 2012. This month's supply remained stable as compared to last month. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Midlothian Homes was $234,000. This April, the median sale price was $237,623, an increase of 2% or $3,623 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. Click here to compare the median sale price of this area against other locations.



New Listings 264	Current Contracts 213	Sold Vs. List Price 99.1%	Months of Supply 4.3

Up 21% Vs. Year Ago	Up 69% Vs. Year Ago	Up 2% Vs. Year Ago	Down -12% Vs. Year Ago

iCharts		Months of Supply In April, there was 4.3 months of supply available in Midlothian, compared to 4.9 in April 2012. That is a decrease of 12% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 264 homes newly listed for sale in Midlothian compared to 218 in April 2012, an increase of 21%. There were 213 current contracts pending sale this April compared to 126 a year ago. The number of current contracts is 69% higher than last April. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Midlothian was 99.1% of the average list price, which is 2.0% higher than at this time last year. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 52, lower than the average last year, which was 79, a decrease of 34%. Click here to compare the days on market of this area against other locations.		iCharts



Midlothian are defined as properties listed in zip code/s 23112, 23114 and 23113.
*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.
Information included in this report is based on data supplied by CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc.