The Long & Foster Market Minute

Focus On: Old Town, Parker Gray, and Eisenhower Valley Housing Market June 2021

Zip Code(s): 22314
Units Sold
92
Active Inventory
127
Median Sale Price
$837,500
Days On Market
17
Up
Vs. Year Ago
Up 21%
Vs. Year Ago
Up 22%
Vs. Year Ago
Up 21%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 92 sold this month in Old Town, Parker Gray, and Eisenhower Valley 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 higher by 22 units or 21%. The total number of active inventory this June was 127 compared to 105 in June 2020. This month's total of 127 is higher than the previous month's total supply of available inventory of 116, an increase of 9%.

Median Sale Price
Last June, the median sale price for Old Town, Parker Gray, and Eisenhower Valley Homes was $684,500. This June, the median sale price was $837,500, an increase of 22% or $153,000 compared to last year. The current median sold price is 6% 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
135
Current Contracts
98
Sold Vs. List Price
100.5%
Months of Supply
1.4
Up 14%
Vs. Year Ago
Up 7%
Vs. Year Ago
No Change
Vs. Year Ago
Down -20%
Vs. Year Ago

Months of Supply
In June, there was 1.4 months of supply available in Old Town, Parker Gray, and Eisenhower Valley, compared to 1.7 in June 2020. That is a decrease of 20% 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 135 homes newly listed for sale in Old Town, Parker Gray, and Eisenhower Valley compared to 118 in June 2020, an increase of 14%. There were 98 current contracts pending sale this June compared to 92 a year ago. The number of current contracts is 7% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Old Town, Parker Gray, and Eisenhower Valley was 100.5% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 17, higher than the average last year, which was 14, an increase of 21%.

The Long & Foster Market Minute Old Town, Parker Gray, and Eisenhower Valley are defined as properties listed in zip code/s 22314.
*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.