The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market June 2014
Zip Code(s): 22206 and 22202
Units Sold
54
Active Inventory
129
Median Sale Price
$396,250
Days On Market
23
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -25%
Vs. Year Ago
Up 39%
Vs. Year Ago
Down -3%
Vs. Year Ago
Down -28%
Vs. Year Ago
Units Sold
There was an increase in total units sold in June, with 54 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 52 last month, an increase of 4%. This month's total units sold was lower than at this time last year, a decrease of 25% versus June 2013.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is higher by 36 units or 39%. The total number of active inventory this June was 129 compared to 93 in June 2013. This month's total of 129 is higher than the previous month's total supply of available inventory of 128, an increase of 1%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last June, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $407,500. This June, the median sale price was $396,250, a decrease of 3% or $11,250 compared to last year. The current median sold price is 2% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

Click here to compare the median sale price of this area against other locations.
New Listings
61
Current Contracts
46
Sold Vs. List Price
99.5%
Months of Supply
2.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -3%
Vs. Year Ago
Down -22%
Vs. Year Ago
No Change
Vs. Year Ago
Up 85%
Vs. Year Ago
Months of Supply
In June, there was 2.4 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 1.3 in June 2013. That is an increase of 85% 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.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 61 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 63 in June 2013, a decrease of 3%. There were 46 current contracts pending sale this June compared to 59 a year ago. The number of current contracts is 22% lower than last June.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In June, the average sale price in Shirlington, Fairlington, and Crystal City was 99.5% of the average list price, which is similar compared to a year ago.

Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market
This month, the average number of days on market was 23, lower than the average last year, which was 32, a decrease of 28%.

Click here to compare the days on market of this area against other locations.
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.