The Long & Foster Market Minute
Focus On: Stafford County Housing Market December 2014
Units Sold
145
Active Inventory
730
Median Sale Price
$269,600
Days On Market
62
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -4%
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 24%
Vs. Year Ago
Units Sold
There was an increase in total units sold in December, with 145 sold this month in Stafford County Real Estate versus 126 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 4% versus December 2013.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 46 units or 6%. The total number of active inventory this December was 730 compared to 776 in December 2013. This month's total of 730 is lower than the previous month's total supply of available inventory of 816, a decrease of 11%.

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Median Sale Price
Last December, the median sale price for Stafford County Homes was $274,000. This December, the median sale price was $269,600, a decrease of 2% or $4,400 compared to last year. The current median sold price is 7% lower than in November.

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
157
Current Contracts
136
Sold Vs. List Price
98.0%
Months of Supply
5.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -5%
Vs. Year Ago
Up 37%
Vs. Year Ago
No Change
Vs. Year Ago
Down -2%
Vs. Year Ago
Months of Supply
In December, there was 5.0 months of supply available in Stafford County, compared to 5.1 in December 2013. That is a decrease of 2% 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 157 homes newly listed for sale in Stafford County compared to 165 in December 2013, a decrease of 5%. There were 136 current contracts pending sale this December compared to 99 a year ago. The number of current contracts is 37% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Stafford County was 98.0% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 62, higher than the average last year, which was 50, an increase of 24%.

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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.