The Long & Foster Market Minute
Focus On: Reston Housing Market February 2015
Zip Code(s): 20194, 20190 and 20191
Units Sold
59
Active Inventory
228
Median Sale Price
$400,000
Days On Market
53
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 4%
Vs. Year Ago
Up 46%
Vs. Year Ago
No Change
Vs. Year Ago
Up 8%
Vs. Year Ago
Units Sold
There was an increase in total units sold in February, with 59 sold this month in Reston Real Estate versus 51 last month, an increase of 16%. This month's total units sold was higher than at this time last year, an increase of 4% versus February 2014.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 72 units or 46%. The total number of active inventory this February was 228 compared to 156 in February 2014. This month's supply remained stable as compared to last month.

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Median Sale Price
Last February, the median sale price for Reston Homes was $400,000. This February, the median sale price was $400,000, which is similar compared to a year ago. The current median sold price is 1% higher than in January.

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
138
Current Contracts
107
Sold Vs. List Price
97.9%
Months of Supply
3.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 11%
Vs. Year Ago
Up 32%
Vs. Year Ago
No Change
Vs. Year Ago
Up 41%
Vs. Year Ago
Months of Supply
In February, there was 3.9 months of supply available in Reston, compared to 2.7 in February 2014. That is an increase 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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New Listings & Current Contracts
This month there were 138 homes newly listed for sale in Reston compared to 124 in February 2014, an increase of 11%. There were 107 current contracts pending sale this February compared to 81 a year ago. The number of current contracts is 32% higher than last February.

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Sale Price to List Price Ratio
In February, the average sale price in Reston was 97.9% 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 53, higher than the average last year, which was 49, an increase of 8%.

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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.