The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market November 2014
Zip Code(s): 22206 and 22202
Units Sold
37
Active Inventory
121
Median Sale Price
$400,000
Days On Market
34
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 28%
Vs. Year Ago
Up 39%
Vs. Year Ago
Down -10%
Vs. Year Ago
Up 21%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in November, with 37 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 48 last month, a decrease of 23%. This month's total units sold was higher than at this time last year, an increase of 28% versus November 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 34 units or 39%. The total number of active inventory this November was 121 compared to 87 in November 2013. This month's total of 121 is lower than the previous month's total supply of available inventory of 156, a decrease of 22%.

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Median Sale Price
Last November, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $442,900. This November, the median sale price was $400,000, a decrease of 10% or $42,900 compared to last year. The current median sold price is 3% lower than in October.

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
38
Current Contracts
49
Sold Vs. List Price
98.7%
Months of Supply
3.3
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 3%
Vs. Year Ago
Up 26%
Vs. Year Ago
No Change
Vs. Year Ago
Up 9%
Vs. Year Ago
Months of Supply
In November, there was 3.3 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 3.0 in November 2013. That is an increase of 9% 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 38 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 37 in November 2013, an increase of 3%. There were 49 current contracts pending sale this November compared to 39 a year ago. The number of current contracts is 26% higher than last November.

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Sale Price to List Price Ratio
In November, the average sale price in Shirlington, Fairlington, and Crystal City was 98.7% 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 34, higher than the average last year, which was 28, an increase of 21%.

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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.