The Long & Foster Market Minute
Focus On: Stafford County Housing Market January 2015
Units Sold
103
Active Inventory
706
Median Sale Price
$320,000
Days On Market
66
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 8%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 16%
Vs. Year Ago
Up 20%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in January, with 103 sold this month in Stafford County Real Estate versus 146 last month, a decrease of 29%. This month's total units sold was higher than at this time last year, an increase of 8% versus January 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 27 units or 4%. The total number of active inventory this January was 706 compared to 733 in January 2014. This month's total of 706 is lower than the previous month's total supply of available inventory of 761, a decrease of 7%.

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Median Sale Price
Last January, the median sale price for Stafford County Homes was $277,000. This January, the median sale price was $320,000, an increase of 16% or $43,000 compared to last year. The current median sold price is 19% higher than in December.

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
217
Current Contracts
175
Sold Vs. List Price
98.3%
Months of Supply
6.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -11%
Vs. Year Ago
Up 20%
Vs. Year Ago
No Change
Vs. Year Ago
Down -11%
Vs. Year Ago
Months of Supply
In January, there was 6.9 months of supply available in Stafford County, compared to 7.7 in January 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 217 homes newly listed for sale in Stafford County compared to 243 in January 2014, a decrease of 11%. There were 175 current contracts pending sale this January compared to 146 a year ago. The number of current contracts is 20% higher than last January.

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Sale Price to List Price Ratio
In January, the average sale price in Stafford County was 98.3% 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 66, higher than the average last year, which was 55, an increase of 20%.

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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.