The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market March 2016
Zip Code(s): 22206 and 22202
Units Sold
46
Active Inventory
128
Median Sale Price
$447,000
Days On Market
43
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 48%
Vs. Year Ago
Units Sold
There was an increase in total units sold in March, with 46 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 12 units or 10%. The total number of active inventory this March was 128 compared to 116 in March 2015. This month's total of 128 is higher than the previous month's total supply of available inventory of 121, an increase of 6%.

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Median Sale Price
Last March, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $389,900. This March, the median sale price was $447,000, an increase of 15% or $57,100 compared to last year. The current median sold price is 8% higher than in February.

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
86
Current Contracts
63
Sold Vs. List Price
99.1%
Months of Supply
2.8
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 15%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -0.6%
Vs. Year Ago
No Change
Vs. Year Ago
Months of Supply
In March, there was 2.8 months of supply available in Shirlington, Fairlington, and Crystal City. The amount of supply is similar compared to 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 86 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 75 in March 2015, an increase of 15%. There were 63 current contracts pending sale this March compared to 57 a year ago. The number of current contracts is 11% higher than last March.

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Sale Price to List Price Ratio
In March, the average sale price in Shirlington, Fairlington, and Crystal City was 99.1% of the average list price, which is 0.6% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 43, higher than the average last year, which was 29, an increase of 48%.

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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.