Shirlington, Fairlington, and Crystal City Housing Market Data

There was a decrease in total units sold in April, with 41 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 42 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 21% versus April 2011.

Versus last year, the total number of homes available this month is lower by 66 units or 38%. The total number of active inventory this April was 109 compared to 175 in April 2011. This month's total of 109 is lower than the previous month's total supply of available inventory of 121, a decrease of 10%.

Last April, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $387,500. This April, the median sale price was $377,400, a decrease of 3% or $10,100 compared to last year. The current median sold price is 1% lower than in March.

In April, there was 2.7 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 3.4 in April 2011. That is a decrease of 21% versus a year ago.

This month there were 72 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 97 in April 2011, a decrease of 26%. There were 70 current contracts pending sale this April compared to 48 a year ago. The number of current contracts is 46% higher than last April.

In April, the average sale price in Shirlington, Fairlington, and Crystal City was 97.6% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 43, lower than the average last year, which was 56, a decrease of 23%.




Focus On: Shirlington, Fairlington, and Crystal City Housing Market			April 2012
Zip Code(s): 22206 and 22202
Units Sold 41	Active Inventory 109	Median Sale Price $377,400	Days On Market 43

Down -21% Vs. Year Ago	Down -38% Vs. Year Ago	Down -3% Vs. Year Ago	Down -23% Vs. Year Ago

		Units Sold There was a decrease in total units sold in April, with 41 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 42 last month, a decrease of 2%. This month's total units sold was lower than at this time last year, a decrease of 21% versus April 2011.
Active Inventory Versus last year, the total number of homes available this month is lower by 66 units or 38%. The total number of active inventory this April was 109 compared to 175 in April 2011. This month's total of 109 is lower than the previous month's total supply of available inventory of 121, a decrease of 10%.
		Median Sale Price Last April, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $387,500. This April, the median sale price was $377,400, a decrease of 3% or $10,100 compared to last year. The current median sold price is 1% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 72	Current Contracts 70	Sold Vs. List Price 97.6%	Months of Supply 2.7

Down -26% Vs. Year Ago	Up 46% Vs. Year Ago	Down -0.6% Vs. Year Ago	Down -21% Vs. Year Ago

		Months of Supply In April, there was 2.7 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 3.4 in April 2011. That is a decrease of 21% 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.
New Listings & Current Contracts This month there were 72 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 97 in April 2011, a decrease of 26%. There were 70 current contracts pending sale this April compared to 48 a year ago. The number of current contracts is 46% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Shirlington, Fairlington, and Crystal City was 97.6% of the average list price, which is 0.5% lower than at this time last year. Days on Market This month, the average number of days on market was 43, lower than the average last year, which was 56, a decrease of 23%.



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.
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.