Windsor Farms, The Fan, and Museum District Housing Market Data

There was a decrease in total units sold in April, with 44 sold this month in Windsor Farms, The Fan, and Museum District Real Estate versus 47 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 8% versus April 2012.

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Versus last year, the total number of homes available this month is lower by 49 units or 20%. The total number of active inventory this April was 191 compared to 240 in April 2012. This month's total of 191 is lower than the previous month's total supply of available inventory of 215, a decrease of 11%.

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Last April, the median sale price for Windsor Farms, The Fan, and Museum District Homes was $264,000. This April, the median sale price was $260,000, a decrease of 2% or $4,000 compared to last year. The current median sold price is 20% higher than in March.

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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In April, there was 4.3 months of supply available in Windsor Farms, The Fan, and Museum District, compared to 5.0 in April 2012. That is a decrease of 13% 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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This month there were 96 homes newly listed for sale in Windsor Farms, The Fan, and Museum District compared to 89 in April 2012, an increase of 8%. There were 104 current contracts pending sale this April compared to 75 a year ago. The number of current contracts is 39% higher than last April.

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Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Windsor Farms, The Fan, and Museum District was 96.5% of the average list price, which is similar compared to a year ago.

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This month, the average number of days on market was 60, lower than the average last year, which was 62, a decrease of 3%.

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Focus On: Windsor Farms, The Fan, and Museum District Housing Market			April 2013
Zip Code(s): 23221, 23220, 23241 and 23219
Units Sold 44	Active Inventory 191	Median Sale Price $260,000	Days On Market 60

Down -8% Vs. Year Ago	Down -20% Vs. Year Ago	Down -2% Vs. Year Ago	Down -3% Vs. Year Ago

iCharts		Units Sold There was a decrease in total units sold in April, with 44 sold this month in Windsor Farms, The Fan, and Museum District Real Estate versus 47 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 8% versus April 2012. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 49 units or 20%. The total number of active inventory this April was 191 compared to 240 in April 2012. This month's total of 191 is lower than the previous month's total supply of available inventory of 215, a decrease of 11%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Windsor Farms, The Fan, and Museum District Homes was $264,000. This April, the median sale price was $260,000, a decrease of 2% or $4,000 compared to last year. The current median sold price is 20% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. Click here to compare the median sale price of this area against other locations.



New Listings 96	Current Contracts 104	Sold Vs. List Price 96.5%	Months of Supply 4.3

Up 8% Vs. Year Ago	Up 39% Vs. Year Ago	No Change Vs. Year Ago	Down -13% Vs. Year Ago

iCharts		Months of Supply In April, there was 4.3 months of supply available in Windsor Farms, The Fan, and Museum District, compared to 5.0 in April 2012. That is a decrease of 13% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 96 homes newly listed for sale in Windsor Farms, The Fan, and Museum District compared to 89 in April 2012, an increase of 8%. There were 104 current contracts pending sale this April compared to 75 a year ago. The number of current contracts is 39% higher than last April. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Windsor Farms, The Fan, and Museum District was 96.5% of the average list price, which is similar compared to a year ago. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 60, lower than the average last year, which was 62, a decrease of 3%. Click here to compare the days on market of this area against other locations.		iCharts



Windsor Farms, The Fan, and Museum District are defined as properties listed in zip code/s 23221, 23220, 23241 and 23219.
*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.
Information included in this report is based on data supplied by CVRMLS 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 CVRMLS or Long & Foster Real Estate, Inc.