The Long & Foster Market Minute
Focus On: Stafford County Housing Market June 2014
Units Sold
216
Active Inventory
897
Median Sale Price
$293,500
Days On Market
45
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 2%
Vs. Year Ago
Up 25%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 5%
Vs. Year Ago
Units Sold
There was an increase in total units sold in June, with 216 sold this month in Stafford County Real Estate versus 179 last month, an increase of 21%. This month's total units sold was higher than at this time last year, an increase of 2% versus June 2013.

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 181 units or 25%. The total number of active inventory this June was 897 compared to 716 in June 2013. This month's total of 897 is lower than the previous month's total supply of available inventory of 909, a decrease of 1%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last June, the median sale price for Stafford County Homes was $292,000. This June, the median sale price was $293,500, an increase of 1% or $1,500 compared to last year. The current median sold price is 2% lower 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.

Click here to compare the median sale price of this area against other locations.
New Listings
345
Current Contracts
220
Sold Vs. List Price
98.5%
Months of Supply
4.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 6%
Vs. Year Ago
Up 16%
Vs. Year Ago
No Change
Vs. Year Ago
Up 22%
Vs. Year Ago
Months of Supply
In June, there was 4.2 months of supply available in Stafford County, compared to 3.4 in June 2013. That is an increase of 22% 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 345 homes newly listed for sale in Stafford County compared to 326 in June 2013, an increase of 6%. There were 220 current contracts pending sale this June compared to 189 a year ago. The number of current contracts is 16% higher than last June.

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 June, the average sale price in Stafford County was 98.5% of the average list price, which is similar compared to a year ago.

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 45, higher than the average last year, which was 43, an increase of 5%.

Click here to compare the days on market of this area against other locations.
*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.