The Long & Foster Market Minute
Focus On: Reston Housing Market May 2015
Zip Code(s): 20194, 20190 and 20191
Units Sold
111
Active Inventory
409
Median Sale Price
$445,000
Days On Market
36
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 6%
Vs. Year Ago
Up 47%
Vs. Year Ago
Up 14%
Vs. Year Ago
Up 89%
Vs. Year Ago
Units Sold
There was an increase in total units sold in May, with 111 sold this month in Reston Real Estate versus 107 last month, an increase of 4%. This month's total units sold was higher than at this time last year, an increase of 6% versus May 2014.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 130 units or 47%. The total number of active inventory this May was 409 compared to 279 in May 2014. This month's total of 409 is higher than the previous month's total supply of available inventory of 357, an increase of 15%.

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Median Sale Price
Last May, the median sale price for Reston Homes was $389,900. This May, the median sale price was $445,000, an increase of 14% or $55,100 compared to last year. The current median sold price is 6% higher than in April.

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
238
Current Contracts
133
Sold Vs. List Price
98.3%
Months of Supply
3.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 15%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 38%
Vs. Year Ago
Months of Supply
In May, there was 3.7 months of supply available in Reston, compared to 2.7 in May 2014. That is an increase of 39% 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 238 homes newly listed for sale in Reston compared to 207 in May 2014, an increase of 15%. There were 133 current contracts pending sale this May compared to 119 a year ago. The number of current contracts is 12% higher than last May.

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Sale Price to List Price Ratio
In May, the average sale price in Reston was 98.3% of the average list price, which is 1.0% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 36, higher than the average last year, which was 19, an increase of 89%.

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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.