The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market May 2015
Zip Code(s): 22206 and 22202
Units Sold
69
Active Inventory
138
Median Sale Price
$435,000
Days On Market
27
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Up 8%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -18%
Vs. Year Ago
Units Sold
There was an increase in total units sold in May, with 69 sold this month in Shirlington, Fairlington, and Crystal City Real Estate. This month's total units sold was higher 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 10 units or 8%. The total number of active inventory this May was 138 compared to 128 in May 2014. This month's total of 138 is higher than the previous month's total supply of available inventory of 133, an increase of 4%.

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Median Sale Price
Last May, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $387,500. This May, the median sale price was $435,000, an increase of 12% or $47,500 compared to last year. The current median sold price is 12% 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
85
Current Contracts
62
Sold Vs. List Price
98.9%
Months of Supply
2.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -6%
Vs. Year Ago
Up 9%
Vs. Year Ago
No Change
Vs. Year Ago
Down -19%
Vs. Year Ago
Months of Supply
In May, there was 2.0 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 2.5 in May 2014. That is a decrease of 19% 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 85 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 90 in May 2014, a decrease of 6%. There were 62 current contracts pending sale this May compared to 57 a year ago. The number of current contracts is 9% higher than last May.

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Sale Price to List Price Ratio
In May, the average sale price in Shirlington, Fairlington, and Crystal City was 98.9% 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 27, lower than the average last year, which was 33, a decrease of 18%.

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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.