The Long & Foster Market Minute
Focus On: Stafford County Housing Market August 2014
Units Sold
181
Active Inventory
920
Median Sale Price
$287,000
Days On Market
58
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -18%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -7%
Vs. Year Ago
Up 26%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in August, with 181 sold this month in Stafford County Real Estate versus 215 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 18% versus August 2013.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 118 units or 15%. The total number of active inventory this August was 920 compared to 802 in August 2013. This month's total of 920 is lower than the previous month's total supply of available inventory of 977, a decrease of 6%.

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Median Sale Price
Last August, the median sale price for Stafford County Homes was $309,443. This August, the median sale price was $287,000, a decrease of 7% or $22,443 compared to last year. The current median sold price is 1% lower than in July.

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
314
Current Contracts
187
Sold Vs. List Price
98.1%
Months of Supply
5.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 4%
Vs. Year Ago
Up 36%
Vs. Year Ago
No Change
Vs. Year Ago
Up 39%
Vs. Year Ago
Months of Supply
In August, there was 5.1 months of supply available in Stafford County, compared to 3.6 in August 2013. That is an increase of 39% 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 314 homes newly listed for sale in Stafford County compared to 303 in August 2013, an increase of 4%. There were 187 current contracts pending sale this August compared to 137 a year ago. The number of current contracts is 36% higher than last August.

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Sale Price to List Price Ratio
In August, the average sale price in Stafford County was 98.1% 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 58, higher than the average last year, which was 46, an increase of 26%.

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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.