The Long & Foster Market Minute

Focus On: Lincolnia Housing Market June 2021

Zip Code(s): 22312
Units Sold
42
Active Inventory
43
Median Sale Price
$553,000
Days On Market
18
Up 2%
Vs. Year Ago
Up 48%
Vs. Year Ago
Up 9%
Vs. Year Ago
Up 13%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 42 sold this month in Lincolnia Real Estate versus 33 last month, an increase of 27%. This month's total units sold was higher than at this time last year, an increase of 2% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 14 units or 48%. The total number of active inventory this June was 43 compared to 29 in June 2020. This month's total of 43 is higher than the previous month's total supply of available inventory of 41, an increase of 5%.

Median Sale Price
Last June, the median sale price for Lincolnia Homes was $509,000. This June, the median sale price was $553,000, an increase of 9% or $44,000 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
59
Current Contracts
45
Sold Vs. List Price
102.0%
Months of Supply
1.0
Up 40%
Vs. Year Ago
Up 25%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
Up 44%
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Lincolnia, compared to 0.7 in June 2020. That is an increase of 45% 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 59 homes newly listed for sale in Lincolnia compared to 42 in June 2020, an increase of 40%. There were 45 current contracts pending sale this June compared to 36 a year ago. The number of current contracts is 25% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Lincolnia was 102.0% of the average list price, which is 1.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 18, higher than the average last year, which was 16, an increase of 13%.

The Long & Foster Market Minute Lincolnia are defined as properties listed in zip code/s 22312.
*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.