Reston Housing Market Data

There was an increase in total units sold in April, with 104 sold this month in Reston Real Estate. This month's total units sold was lower than at this time last year.

Click here to compare the units sold of this area against other locations.

Versus last year, the total number of homes available this month is lower by 77 units or 43%. The total number of active inventory this April was 102 compared to 179 in April 2012. This month's total of 102 is higher than the previous month's total supply of available inventory of 99, an increase of 3%.

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Last April, the median sale price for Reston Homes was $385,000. This April, the median sale price was $397,500, an increase of 3% or $12,500 compared to last year. The current median sold price is 1% lower 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 1.0 months of supply available in Reston, compared to 1.7 in April 2012. That is a decrease of 41% 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 177 homes newly listed for sale in Reston compared to 137 in April 2012, an increase of 29%. There were 159 current contracts pending sale this April compared to 104 a year ago. The number of current contracts is 53% 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 Reston was 99.0% of the average list price, which is 1.3% higher than at this time last year.

Click here to compare the sale price to list price ratio of this area against other locations.

This month, the average number of days on market was 23, lower than the average last year, which was 34, a decrease of 32%.

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Focus On: Reston Housing Market			April 2013
Zip Code(s): 20194, 20190 and 20191
Units Sold 104	Active Inventory 102	Median Sale Price $397,500	Days On Market 23

Down Vs. Year Ago	Down -43% Vs. Year Ago	Up 3% Vs. Year Ago	Down -32% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 104 sold this month in Reston Real Estate. This month's total units sold was lower than at this time last year. 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 77 units or 43%. The total number of active inventory this April was 102 compared to 179 in April 2012. This month's total of 102 is higher than the previous month's total supply of available inventory of 99, an increase of 3%. 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 Reston Homes was $385,000. This April, the median sale price was $397,500, an increase of 3% or $12,500 compared to last year. The current median sold price is 1% lower 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 177	Current Contracts 159	Sold Vs. List Price 99.0%	Months of Supply 1.0

Up 29% Vs. Year Ago	Up 53% Vs. Year Ago	Up 1.3% Vs. Year Ago	Down -41% Vs. Year Ago

iCharts		Months of Supply In April, there was 1.0 months of supply available in Reston, compared to 1.7 in April 2012. That is a decrease of 41% 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 177 homes newly listed for sale in Reston compared to 137 in April 2012, an increase of 29%. There were 159 current contracts pending sale this April compared to 104 a year ago. The number of current contracts is 53% 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 Reston was 99.0% of the average list price, which is 1.3% 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 23, lower than the average last year, which was 34, a decrease of 32%. Click here to compare the days on market of this area against other locations.		iCharts



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.
Information 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.