The Long & Foster Market Minute
Focus On: Stafford County Housing Market July 2015
Units Sold
224
Active Inventory
923
Median Sale Price
$306,000
Days On Market
51
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 2%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -12%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in July, with 224 sold this month in Stafford County Real Estate versus 285 last month, a decrease of 21%. This month's total units sold was higher than at this time last year, an increase of 2% versus July 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 88 units or 9%. The total number of active inventory this July was 923 compared to 1,011 in July 2014. This month's total of 923 is higher than the previous month's total supply of available inventory of 898, an increase of 3%.

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Median Sale Price
Last July, the median sale price for Stafford County Homes was $290,000. This July, the median sale price was $306,000, an increase of 6% or $16,000 compared to last year. The current median sold price is 4% lower than in June.

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
385
Current Contracts
220
Sold Vs. List Price
98.2%
Months of Supply
4.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 7%
Vs. Year Ago
Up 26%
Vs. Year Ago
No Change
Vs. Year Ago
Down -11%
Vs. Year Ago
Months of Supply
In July, there was 4.1 months of supply available in Stafford County, compared to 4.6 in July 2014. That is a decrease of 11% 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 385 homes newly listed for sale in Stafford County compared to 361 in July 2014, an increase of 7%. There were 220 current contracts pending sale this July compared to 174 a year ago. The number of current contracts is 26% higher than last July.

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Sale Price to List Price Ratio
In July, 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 51, lower than the average last year, which was 58, a decrease of 12%.

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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.