The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market January 2015
Zip Code(s): 22206 and 22202
Units Sold
22
Active Inventory
92
Median Sale Price
$390,000
Days On Market
51
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down
Vs. Year Ago
Up 42%
Vs. Year Ago
Down -13%
Vs. Year Ago
Up 42%
Vs. Year Ago
Units Sold
With relatively few transactions, there was a decrease in total units sold in January, with 22 sold this month in Shirlington, Fairlington, and Crystal City Real Estate. This month's total units sold was lower than at this time last year, a decrease from January 2014.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 27 units or 42%. The total number of active inventory this January was 92 compared to 65 in January 2014. This month's total of 92 is lower than the previous month's total supply of available inventory of 98, a decrease of 6%.

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Median Sale Price
Last January, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $450,000. This January, the median sale price was $390,000, a decrease of 13% or $60,000 compared to last year. The current median sold price is 11% lower than in December.

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
47
Current Contracts
36
Sold Vs. List Price
98.3%
Months of Supply
4.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 21%
Vs. Year Ago
Down -14%
Vs. Year Ago
Down -1.1%
Vs. Year Ago
Up 106%
Vs. Year Ago
Months of Supply
In January, there was 4.2 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 2.0 in January 2014. That is an increase of 106% 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 47 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 39 in January 2014, an increase of 21%. There were 36 current contracts pending sale this January compared to 42 a year ago. The number of current contracts is 14% lower than last January.

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Sale Price to List Price Ratio
In January, the average sale price in Shirlington, Fairlington, and Crystal City was 98.3% of the average list price, which is 1.1% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 51, higher than the average last year, which was 36, an increase of 42%.

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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.