Shiloh, Mountain View, and Western Stafford Housing Market Data

With relatively few transactions, there was a decrease in total units sold in April, with 17 sold this month in Shiloh, Mountain View, and Western Stafford Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2011.

Versus last year, the total number of homes available this month is lower by 41 units or 29%. The total number of active inventory this April was 100 compared to 141 in April 2011. This month's total of 100 is lower than the previous month's total supply of available inventory of 103, a decrease of 3%.

Last April, the median sale price for Shiloh, Mountain View, and Western Stafford Homes was $212,250. This April, the median sale price was approximately the same at $257,000. The current median sold price is 21% higher than in April 2011.

In April, there was 5.9 months of supply available in Shiloh, Mountain View, and Western Stafford. The amount of supply is similar compared to a year ago.

This month there were 48 homes newly listed for sale in Shiloh, Mountain View, and Western Stafford compared to 73 in April 2011, a decrease of 34%. There were 43 current contracts pending sale this April compared to 42 a year ago. The number of current contracts is 2% higher than last April.

In April, the average sale price in Shiloh, Mountain View, and Western Stafford was 98.0% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 67, higher than the average last year, which was 57, an increase of 18%.




Focus On: Shiloh, Mountain View, and Western Stafford Housing Market			April 2012
Zip Code(s): 22556
Units Sold 17	Active Inventory 100	Median Sale Price $257,000	Days On Market 67

Down Vs. Year Ago	Down -29% Vs. Year Ago	Up 21% Vs. Year Ago	Up 18% Vs. Year Ago

		Units Sold With relatively few transactions, there was a decrease in total units sold in April, with 17 sold this month in Shiloh, Mountain View, and Western Stafford Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2011.
Active Inventory Versus last year, the total number of homes available this month is lower by 41 units or 29%. The total number of active inventory this April was 100 compared to 141 in April 2011. This month's total of 100 is lower than the previous month's total supply of available inventory of 103, a decrease of 3%.
		Median Sale Price Last April, the median sale price for Shiloh, Mountain View, and Western Stafford Homes was $212,250. This April, the median sale price was approximately the same at $257,000. The current median sold price is 21% higher than in April 2011. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 48	Current Contracts 43	Sold Vs. List Price 98.0%	Months of Supply 5.9

Down -34% Vs. Year Ago	Up 2% Vs. Year Ago	No Change Vs. Year Ago	No Change Vs. Year Ago

		Months of Supply In April, there was 5.9 months of supply available in Shiloh, Mountain View, and Western Stafford. The amount of supply is similar compared to 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.
New Listings & Current Contracts This month there were 48 homes newly listed for sale in Shiloh, Mountain View, and Western Stafford compared to 73 in April 2011, a decrease of 34%. There were 43 current contracts pending sale this April compared to 42 a year ago. The number of current contracts is 2% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Shiloh, Mountain View, and Western Stafford was 98.0% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 67, higher than the average last year, which was 57, an increase of 18%.



Shiloh, Mountain View, and Western Stafford are defined as properties listed in zip code/s 22556.
*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.