The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market April 2015
Zip Code(s): 22206 and 22202
Units Sold
49
Active Inventory
133
Median Sale Price
$387,500
Days On Market
30
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -4%
Vs. Year Ago
Up 16%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 7%
Vs. Year Ago
Units Sold
There was an increase in total units sold in April, with 49 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 41 last month, an increase of 20%. This month's total units sold was lower than at this time last year, a decrease of 4% versus April 2014.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 18 units or 16%. The total number of active inventory this April was 133 compared to 115 in April 2014. This month's total of 133 is higher than the previous month's total supply of available inventory of 115, an increase of 16%.

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Median Sale Price
Last April, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $385,000. This April, the median sale price was $387,500, an increase of 1% or $2,500 compared to last year. The current median sold price is 2% higher 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.

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New Listings
95
Current Contracts
63
Sold Vs. List Price
99.0%
Months of Supply
2.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 14%
Vs. Year Ago
Up 19%
Vs. Year Ago
No Change
Vs. Year Ago
Up 20%
Vs. Year Ago
Months of Supply
In April, there was 2.7 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 2.3 in April 2014. That is an increase of 20% 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 95 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 83 in April 2014, an increase of 14%. There were 63 current contracts pending sale this April compared to 53 a year ago. The number of current contracts is 19% higher than last April.

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Sale Price to List Price Ratio
In April, 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 30, higher than the average last year, which was 28, an increase of 7%.

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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.