The Long & Foster Market Minute
Focus On: Shirlington, Fairlington, and Crystal City Housing Market February 2015
Zip Code(s): 22206 and 22202
Units Sold
36
Active Inventory
106
Median Sale Price
$441,700
Days On Market
54
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Up 26%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up
Vs. Year Ago
Units Sold
With relatively few transactions, there was an increase in total units sold in February, with 36 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 February 2014.

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 22 units or 26%. The total number of active inventory this February was 106 compared to 84 in February 2014. This month's total of 106 is higher than the previous month's total supply of available inventory of 94, an increase of 13%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last February, the median sale price for Shirlington, Fairlington, and Crystal City Homes was $452,500. This February, the median sale price was $441,700, a decrease of 2% or $10,800 compared to last year. The current median sold price is 13% higher than in January.

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
69
Current Contracts
50
Sold Vs. List Price
98.3%
Months of Supply
2.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 33%
Vs. Year Ago
Up 72%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Up 12%
Vs. Year Ago
Months of Supply
In February, there was 2.9 months of supply available in Shirlington, Fairlington, and Crystal City, compared to 2.6 in February 2014. That is an increase of 12% 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 69 homes newly listed for sale in Shirlington, Fairlington, and Crystal City compared to 52 in February 2014, an increase of 33%. There were 50 current contracts pending sale this February compared to 29 a year ago. The number of current contracts is 72% higher than last February.

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 February, the average sale price in Shirlington, Fairlington, and Crystal City was 98.3% of the average list price, which is 0.9% lower than at this time last year.

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 54, higher than the average last year, which was 28. This increase was impacted by the limited number of sales.

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.