The Long & Foster Market Minute
Focus On: Reston Housing Market April 2015
Zip Code(s): 20194, 20190 and 20191
Units Sold
104
Active Inventory
343
Median Sale Price
$422,000
Days On Market
38
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -5%
Vs. Year Ago
Up 57%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 36%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in April, with 104 sold this month in Reston Real Estate versus 111 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 5% versus April 2014.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 124 units or 57%. The total number of active inventory this April was 343 compared to 219 in April 2014. This month's total of 343 is higher than the previous month's total supply of available inventory of 281, an increase of 22%.

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Median Sale Price
Last April, the median sale price for Reston Homes was $450,000. This April, the median sale price was approximately the same at $422,000. The current median sold price is 6% lower than in April 2014.

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
231
Current Contracts
124
Sold Vs. List Price
98.9%
Months of Supply
3.3
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 35%
Vs. Year Ago
Up 12%
Vs. Year Ago
No Change
Vs. Year Ago
Up 66%
Vs. Year Ago
Months of Supply
In April, there was 3.3 months of supply available in Reston, compared to 2.0 in April 2014. That is an increase of 66% 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 231 homes newly listed for sale in Reston compared to 171 in April 2014, an increase of 35%. There were 124 current contracts pending sale this April compared to 111 a year ago. The number of current contracts is 12% higher than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Reston was 98.9% of the average list price, which is similar compared to a year ago.

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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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Reston are defined as properties listed in zip code/s 20194, 20190 and 20191.
*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.