The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market January 2016
Zip Code(s): 22206 and 22202
Units Sold
28
Active Inventory
111
Median Sale Price
$429,000
Days On Market
57
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Up 16%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 12%
Vs. Year Ago
Units Sold
With relatively few transactions, there was a decrease in total units sold in January, with 28 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, an increase from January 2015.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 15 units or 16%. The total number of active inventory this January was 111 compared to 96 in January 2015. This month's total of 111 is higher than the previous month's total supply of available inventory of 105, an increase of 6%.

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Median Sale Price
Last January, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $390,000. This January, the median sale price was $429,000, an increase of 10% or $39,000 compared to last year. The current median sold price is 10% 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
49
Current Contracts
31
Sold Vs. List Price
96.6%
Months of Supply
4.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
No Change
Vs. Year Ago
Down -14%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Down -5%
Vs. Year Ago
Months of Supply
In January, there was 4.0 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 4.2 in January 2015. That is a decrease of 5% 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 49 homes newly listed for sale in Shirlington, Fairlington, and Crystal City, which is similar to the amount in January 2015. There were 31 current contracts pending sale this January compared to 36 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 96.6% of the average list price, which is 0.8% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 57, higher than the average last year, which was 51, an increase of 12%.

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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.