The Long & Foster Market Minute
Focus On: Stafford County Housing Market September 2014
Units Sold
159
Active Inventory
885
Median Sale Price
$299,000
Days On Market
52
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 20%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 41%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in September, with 159 sold this month in Stafford County Real Estate versus 185 last month, a decrease of 14%. This month's total units sold was higher than at this time last year, an increase of 20% versus September 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 58 units or 7%. The total number of active inventory this September was 885 compared to 827 in September 2013. This month's total of 885 is lower than the previous month's total supply of available inventory of 953, a decrease of 7%.

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Median Sale Price
Last September, the median sale price for Stafford County Homes was $289,000. This September, the median sale price was $299,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 4% higher than in August.

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
258
Current Contracts
159
Sold Vs. List Price
98.2%
Months of Supply
5.6
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 1%
Vs. Year Ago
Up 32%
Vs. Year Ago
Down -0.6%
Vs. Year Ago
Down -10%
Vs. Year Ago
Months of Supply
In September, there was 5.6 months of supply available in Stafford County, compared to 6.2 in September 2013. That is a decrease of 10% 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 258 homes newly listed for sale in Stafford County compared to 256 in September 2013, an increase of 1%. There were 159 current contracts pending sale this September compared to 120 a year ago. The number of current contracts is 33% higher than last September.

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Sale Price to List Price Ratio
In September, the average sale price in Stafford County was 98.2% 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 52, higher than the average last year, which was 37, an increase of 41%.

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*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.