The Long & Foster Market Minute

Focus On: Kingstowne and Hayfield Housing Market June 2021

Zip Code(s): 22315
Units Sold
63
Active Inventory
48
Median Sale Price
$585,000
Days On Market
8
Up 9%
Vs. Year Ago
Up 85%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -27%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 63 sold this month in Kingstowne and Hayfield Real Estate versus 69 last month, a decrease of 9%. This month's total units sold was higher than at this time last year, an increase of 9% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 22 units or 85%. The total number of active inventory this June was 48 compared to 26 in June 2020. This month's total of 48 is higher than the previous month's total supply of available inventory of 20, an increase of 140%.

Median Sale Price
Last June, the median sale price for Kingstowne and Hayfield Homes was $524,500. This June, the median sale price was $585,000, an increase of 12% or $60,500 compared to last year. The current median sold price is 5% lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
108
Current Contracts
74
Sold Vs. List Price
103.0%
Months of Supply
0.8
Up 100%
Vs. Year Ago
Up 19%
Vs. Year Ago
Up 2.3%
Vs. Year Ago
Up 69%
Vs. Year Ago

Months of Supply
In June, there was 0.8 months of supply available in Kingstowne and Hayfield, compared to 0.4 in June 2020. That is an increase of 70% 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.

New Listings & Current Contracts
This month there were 108 homes newly listed for sale in Kingstowne and Hayfield compared to 54 in June 2020, an increase of 100%. There were 74 current contracts pending sale this June compared to 62 a year ago. The number of current contracts is 19% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Kingstowne and Hayfield was 103.0% of the average list price, which is 2.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 8, lower than the average last year, which was 11, a decrease of 27%.

The Long & Foster Market Minute Kingstowne and Hayfield are defined as properties listed in zip code/s 22315.
*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.