The Long & Foster Market Minute
Focus On: Stafford County Housing Market March 2014
Units Sold
157
Active Inventory
745
Median Sale Price
$285,000
Days On Market
64
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up
Vs. Year Ago
Up 29%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 23%
Vs. Year Ago
Units Sold
There was an increase in total units sold in March, with 157 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 higher by 167 units or 29%. The total number of active inventory this March was 745 compared to 578 in March 2013. This month's total of 745 is higher than the previous month's total supply of available inventory of 711, an increase of 5%.

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Median Sale Price
Last March, the median sale price for Stafford County Homes was $272,750. This March, the median sale price was $285,000, an increase of 4% or $12,250 compared to last year. The current median sold price is 2% higher than in February.

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
326
Current Contracts
224
Sold Vs. List Price
98.1%
Months of Supply
4.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 16%
Vs. Year Ago
Up 14%
Vs. Year Ago
No Change
Vs. Year Ago
Up 21%
Vs. Year Ago
Months of Supply
In March, there was 4.7 months of supply available in Stafford County, compared to 3.9 in March 2013. That is an increase of 22% 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 326 homes newly listed for sale in Stafford County compared to 282 in March 2013, an increase of 16%. There were 224 current contracts pending sale this March compared to 197 a year ago. The number of current contracts is 14% higher than last March.

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Sale Price to List Price Ratio
In March, 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 64, higher than the average last year, which was 52, an increase of 23%.

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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.