The Long & Foster Market Minute

Focus On: Rosehill Farms and Franconia Housing Market June 2021

Zip Code(s): 22310
Units Sold
71
Active Inventory
35
Median Sale Price
$620,000
Days On Market
8
Up
Vs. Year Ago
Up 35%
Vs. Year Ago
Up 17%
Vs. Year Ago
Down -43%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 71 sold this month in Rosehill Farms and Franconia 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 9 units or 35%. The total number of active inventory this June was 35 compared to 26 in June 2020. This month's total of 35 is higher than the previous month's total supply of available inventory of 25, an increase of 40%.

Median Sale Price
Last June, the median sale price for Rosehill Farms and Franconia Homes was $528,814. This June, the median sale price was $620,000, an increase of 17% or $91,186 compared to last year. The current median sold price is 11% 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
85
Current Contracts
68
Sold Vs. List Price
105.1%
Months of Supply
0.5
Up 52%
Vs. Year Ago
Up 11%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -21%
Vs. Year Ago

Months of Supply
In June, there was 0.5 months of supply available in Rosehill Farms and Franconia, compared to 0.6 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 85 homes newly listed for sale in Rosehill Farms and Franconia compared to 56 in June 2020, an increase of 52%. There were 68 current contracts pending sale this June compared to 61 a year ago. The number of current contracts is 11% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Rosehill Farms and Franconia was 105.1% of the average list price, which is 4.1% 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 14, a decrease of 43%.

The Long & Foster Market Minute Rosehill Farms and Franconia are defined as properties listed in zip code/s 22310.
*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.