The Long & Foster Market Minute
Focus On: Stafford County Housing Market November 2014
Units Sold
125
Active Inventory
787
Median Sale Price
$286,900
Days On Market
61
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -7%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -3%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in November, with 125 sold this month in Stafford County Real Estate versus 140 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 7% versus November 2013.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 18 units or 2%. The total number of active inventory this November was 787 compared to 805 in November 2013. This month's total of 787 is lower than the previous month's total supply of available inventory of 889, a decrease of 11%.

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Median Sale Price
Last November, the median sale price for Stafford County Homes was $269,900. This November, the median sale price was $286,900, an increase of 6% or $17,000 compared to last year. The current median sold price is 4% lower than in October.

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
195
Current Contracts
153
Sold Vs. List Price
97.4%
Months of Supply
6.3
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -3%
Vs. Year Ago
Up 27%
Vs. Year Ago
Down -1.1%
Vs. Year Ago
Up 6%
Vs. Year Ago
Months of Supply
In November, there was 6.3 months of supply available in Stafford County, compared to 6.0 in November 2013. That is an increase of 6% 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 195 homes newly listed for sale in Stafford County compared to 201 in November 2013, a decrease of 3%. There were 153 current contracts pending sale this November compared to 120 a year ago. The number of current contracts is 28% higher than last November.

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Sale Price to List Price Ratio
In November, the average sale price in Stafford County was 97.4% of the average list price, which is 1.1% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 61, lower than the average last year, which was 63, a decrease of 3%.

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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.