The Long & Foster Market Minute
Focus On: Reston Housing Market January 2015
Zip Code(s): 20194, 20190 and 20191
Units Sold
51
Active Inventory
219
Median Sale Price
$395,000
Days On Market
48
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down
Vs. Year Ago
Up 72%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 12%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in January, with 51 sold this month in Reston Real Estate. This month's total units sold was lower than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 92 units or 72%. The total number of active inventory this January was 219 compared to 127 in January 2014. This month's total of 219 is lower than the previous month's total supply of available inventory of 235, a decrease of 7%.

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Median Sale Price
Last January, the median sale price for Reston Homes was $393,000. This January, the median sale price was $395,000, an increase of 1% or $2,000 compared to last year. The current median sold price is 8% lower than in December.

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
102
Current Contracts
73
Sold Vs. List Price
98.0%
Months of Supply
4.3
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 15%
Vs. Year Ago
Up 14%
Vs. Year Ago
No Change
Vs. Year Ago
Up 79%
Vs. Year Ago
Months of Supply
In January, there was 4.3 months of supply available in Reston, compared to 2.4 in January 2014. That is an increase of 79% 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 102 homes newly listed for sale in Reston compared to 89 in January 2014, an increase of 15%. There were 73 current contracts pending sale this January compared to 64 a year ago. The number of current contracts is 14% higher than last January.

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Sale Price to List Price Ratio
In January, the average sale price in Reston was 98.0% 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 48, higher than the average last year, which was 43, an increase of 12%.

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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.