The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market September 2014
Zip Code(s): 22206 and 22202
Units Sold
42
Active Inventory
148
Median Sale Price
$416,250
Days On Market
35
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -14%
Vs. Year Ago
Up 42%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 52%
Vs. Year Ago
Units Sold
There was an increase in total units sold in September, with 42 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 39 last month, an increase of 8%. This month's total units sold was lower than at this time last year, a decrease of 14% versus September 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 44 units or 42%. The total number of active inventory this September was 148 compared to 104 in September 2013. This month's total of 148 is higher than the previous month's total supply of available inventory of 145, an increase of 2%.

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Median Sale Price
Last September, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $406,000. This September, the median sale price was $416,250, an increase of 3% or $10,250 compared to last year. The current median sold price is 10% lower than in August.

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
66
Current Contracts
43
Sold Vs. List Price
98.5%
Months of Supply
3.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -6%
Vs. Year Ago
No Change
Vs. Year Ago
Down -1.4%
Vs. Year Ago
Up 66%
Vs. Year Ago
Months of Supply
In September, there was 3.5 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 2.1 in September 2013. That is an increase of 66% 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 66 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 70 in September 2013, a decrease of 6%. There were 43 current contracts pending sale this September, approximately the same as a year ago. The number of current contracts is also similar as compared to the previous month.

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Sale Price to List Price Ratio
In September, the average sale price in Shirlington, Fairlington, and Crystal City was 98.5% of the average list price, which is 1.4% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 35, higher than the average last year, which was 23, an increase of 52%.

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Shirlington, Fairlington, and Crystal City are defined as properties listed in zip code/s 22206 and 22202.
*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.