The Long & Foster Market Minute
Focus On: Stafford County Housing Market May 2015
Units Sold
196
Active Inventory
838
Median Sale Price
$310,000
Days On Market
47
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 9%
Vs. Year Ago
Down -12%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 7%
Vs. Year Ago
Units Sold
There was an increase in total units sold in May, with 196 sold this month in Stafford County Real Estate versus 180 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 9% versus May 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 112 units or 12%. The total number of active inventory this May was 838 compared to 950 in May 2014. This month's total of 838 is lower than the previous month's total supply of available inventory of 867, a decrease of 3%.

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Median Sale Price
Last May, the median sale price for Stafford County Homes was $300,000. This May, the median sale price was $310,000, an increase of 3% or $10,000 compared to last year. The current median sold price is 8% higher than in April.

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
372
Current Contracts
280
Sold Vs. List Price
98.2%
Months of Supply
4.3
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 4%
Vs. Year Ago
Up 31%
Vs. Year Ago
No Change
Vs. Year Ago
Down -19%
Vs. Year Ago
Months of Supply
In May, there was 4.3 months of supply available in Stafford County, compared to 5.3 in May 2014. That is a decrease of 19% 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 372 homes newly listed for sale in Stafford County compared to 356 in May 2014, an increase of 4%. There were 280 current contracts pending sale this May compared to 214 a year ago. The number of current contracts is 31% higher than last May.

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Sale Price to List Price Ratio
In May, the average sale price in Stafford County was 98.2% 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 47, higher than the average last year, which was 44, an increase 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.