The Long & Foster Market Minute
Focus On: Stafford County Housing Market December 2015
Units Sold
172
Active Inventory
672
Median Sale Price
$307,750
Days On Market
57
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Down -15%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -7%
Vs. Year Ago
Units Sold
There was an increase in total units sold in December, with 172 sold this month in Stafford County Real Estate. This month's total units sold was higher than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 121 units or 15%. The total number of active inventory this December was 672 compared to 793 in December 2014. This month's total of 672 is lower than the previous month's total supply of available inventory of 784, a decrease of 14%.

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Median Sale Price
Last December, the median sale price for Stafford County Homes was $270,000. This December, the median sale price was $307,750, an increase of 14% or $37,750 compared to last year. The current median sold price is 3% higher 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
175
Current Contracts
132
Sold Vs. List Price
98.5%
Months of Supply
3.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 11%
Vs. Year Ago
Up 20%
Vs. Year Ago
No Change
Vs. Year Ago
Down -27%
Vs. Year Ago
Months of Supply
In December, there was 3.9 months of supply available in Stafford County, compared to 5.3 in December 2014. That is a decrease of 27% 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 175 homes newly listed for sale in Stafford County compared to 157 in December 2014, an increase of 11%. There were 132 current contracts pending sale this December compared to 110 a year ago. The number of current contracts is 20% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Stafford County was 98.5% 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 57, lower than the average last year, which was 61, a decrease of 7%.

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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.