The Long & Foster Market Minute

Focus On: North Reston Housing Market June 2021

Zip Code(s): 20194 and 20190
Units Sold
99
Active Inventory
83
Median Sale Price
$495,000
Days On Market
15
Up
Vs. Year Ago
Down -21%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -17%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 99 sold this month in North Reston Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 22 units or 21%. The total number of active inventory this June was 83 compared to 105 in June 2020. This month's total of 83 is lower than the previous month's total supply of available inventory of 84, a decrease of 1%.

Median Sale Price
Last June, the median sale price for North Reston Homes was $435,000. This June, the median sale price was $495,000, an increase of 14% or $60,000 compared to last year. The current median sold price is 3% higher 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
95
Current Contracts
82
Sold Vs. List Price
101.7%
Months of Supply
0.8
Down -3%
Vs. Year Ago
No Change
Vs. Year Ago
Up 2.2%
Vs. Year Ago
Down -51%
Vs. Year Ago

Months of Supply
In June, there was 0.8 months of supply available in North Reston, compared to 1.7 in June 2020. That is a decrease of 51% 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 95 homes newly listed for sale in North Reston compared to 98 in June 2020, a decrease of 3%. There were 82 current contracts pending sale this June, consistent with the volume a year ago. The number of current contracts is 19% lower than last month.

Sale Price to List Price Ratio
In June, the average sale price in North Reston was 101.7% of the average list price, which is 2.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 15, lower than the average last year, which was 18, a decrease of 17%.

The Long & Foster Market Minute North Reston are defined as properties listed in zip code/s 20194 and 20190.
*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.