The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market March 2014
Zip Code(s): 22206 and 22202
Units Sold
32
Active Inventory
93
Median Sale Price
$380,000
Days On Market
26
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -27%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -40%
Vs. Year Ago
Units Sold
There was an increase in total units sold in March, with 32 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 31 last month, an increase of 3%. This month's total units sold was lower than at this time last year, a decrease of 27% versus March 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 7 units or 8%. The total number of active inventory this March was 93 compared to 86 in March 2013. This month's total of 93 is higher than the previous month's total supply of available inventory of 83, an increase of 12%.

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Median Sale Price
Last March, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $358,450. This March, the median sale price was $380,000, an increase of 6% or $21,550 compared to last year. The current median sold price is 16% lower than in February.

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
78
Current Contracts
57
Sold Vs. List Price
99.0%
Months of Supply
2.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -11%
Vs. Year Ago
Down -21%
Vs. Year Ago
No Change
Vs. Year Ago
Up 49%
Vs. Year Ago
Months of Supply
In March, there was 2.9 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 2.0 in March 2013. That is an increase of 49% 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 78 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 88 in March 2013, a decrease of 11%. There were 57 current contracts pending sale this March compared to 72 a year ago. The number of current contracts is 21% lower than last March.

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Sale Price to List Price Ratio
In March, the average sale price in Shirlington, Fairlington, and Crystal City was 99.0% 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 26, lower than the average last year, which was 43, a decrease of 40%.

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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.