The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market June 2015
Zip Code(s): 22206 and 22202
Units Sold
74
Active Inventory
120
Median Sale Price
$446,250
Days On Market
35
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 35%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 52%
Vs. Year Ago
Units Sold
There was an increase in total units sold in June, with 74 sold this month in Shirlington, Fairlington, and Crystal City Real Estate versus 69 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 35% versus June 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 10 units or 8%. The total number of active inventory this June was 120 compared to 130 in June 2014. This month's total of 120 is lower than the previous month's total supply of available inventory of 139, a decrease of 14%.

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Median Sale Price
Last June, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $396,500. This June, the median sale price was $446,250, an increase of 13% or $49,750 compared to last year. The current median sold price is 3% 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.

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New Listings
79
Current Contracts
68
Sold Vs. List Price
97.9%
Months of Supply
1.6
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 27%
Vs. Year Ago
Up 48%
Vs. Year Ago
Down -1.7%
Vs. Year Ago
Down -31%
Vs. Year Ago
Months of Supply
In June, there was 1.6 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 2.4 in June 2014. That is a decrease of 31% 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 79 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 62 in June 2014, an increase of 27%. There were 68 current contracts pending sale this June compared to 46 a year ago. The number of current contracts is 48% higher than last June.

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Sale Price to List Price Ratio
In June, the average sale price in Shirlington, Fairlington, and Crystal City was 97.9% of the average list price, which is 1.7% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 35, higher than the average last year, which was 23, an increase of 52%.

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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.