The Long & Foster Market Minute
Focus On: Stafford County Housing Market February 2015
Units Sold
116
Active Inventory
705
Median Sale Price
$266,500
Days On Market
74
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 5%
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 23%
Vs. Year Ago
Units Sold
There was an increase in total units sold in February, with 116 sold this month in Stafford County Real Estate versus 109 last month, an increase of 6%. This month's total units sold was higher than at this time last year, an increase of 5% versus February 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 45 units or 6%. The total number of active inventory this February was 705 compared to 750 in February 2014. This month's total of 705 is lower than the previous month's total supply of available inventory of 728, a decrease of 3%.

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Median Sale Price
Last February, the median sale price for Stafford County Homes was $279,000. This February, the median sale price was $266,500, a decrease of 4% or $12,500 compared to last year. The current median sold price is 15% lower 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.

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New Listings
233
Current Contracts
178
Sold Vs. List Price
97.9%
Months of Supply
6.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -13%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -1.3%
Vs. Year Ago
Down -10%
Vs. Year Ago
Months of Supply
In February, there was 6.1 months of supply available in Stafford County, compared to 6.8 in February 2014. 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 233 homes newly listed for sale in Stafford County compared to 268 in February 2014, a decrease of 13%. There were 178 current contracts pending sale this February compared to 155 a year ago. The number of current contracts is 15% higher than last February.

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Sale Price to List Price Ratio
In February, the average sale price in Stafford County was 97.9% of the average list price, which is 1.3% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 74, higher than the average last year, which was 60, an increase of 23%.

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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.