The Long & Foster Market Minute
Focus On: Reston Housing Market December 2015
Zip Code(s): 20194, 20190 and 20191
Units Sold
93
Active Inventory
226
Median Sale Price
$382,500
Days On Market
55
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 12%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 10%
Vs. Year Ago
Units Sold
There was an increase in total units sold in December, with 93 sold this month in Reston Real Estate versus 74 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 12% versus December 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 13 units or 5%. The total number of active inventory this December was 226 compared to 239 in December 2014. This month's total of 226 is lower than the previous month's total supply of available inventory of 303, a decrease of 25%.

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Median Sale Price
Last December, the median sale price for Reston Homes was $429,900. This December, the median sale price was $382,500, a decrease of 11% or $47,400 compared to last year. The current median sold price is 1% higher than in November.

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
61
Current Contracts
69
Sold Vs. List Price
98.4%
Months of Supply
2.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 7%
Vs. Year Ago
Up 44%
Vs. Year Ago
No Change
Vs. Year Ago
Down -16%
Vs. Year Ago
Months of Supply
In December, there was 2.4 months of supply available in Reston, compared to 2.9 in December 2014. That is a decrease of 16% 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 61 homes newly listed for sale in Reston compared to 57 in December 2014, an increase of 7%. There were 69 current contracts pending sale this December compared to 48 a year ago. The number of current contracts is 44% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Reston was 98.4% 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 55, higher than the average last year, which was 50, an increase of 10%.

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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.