The Long & Foster Market Minute

Focus On: Sterling and Dulles Housing Market June 2021

Zip Code(s): 20164 and 20166
Units Sold
108
Active Inventory
55
Median Sale Price
$487,500
Days On Market
7
Up 26%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -46%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 108 sold this month in Sterling and Dulles Real Estate versus 94 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 26% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 2 units or 4%. The total number of active inventory this June was 55 compared to 57 in June 2020. This month's total of 55 is higher than the previous month's total supply of available inventory of 45, an increase of 22%.

Median Sale Price
Last June, the median sale price for Sterling and Dulles Homes was $430,000. This June, the median sale price was $487,500, an increase of 13% or $57,500 compared to last year. The current median sold price is 1% 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
109
Current Contracts
83
Sold Vs. List Price
102.8%
Months of Supply
0.5
Up 20%
Vs. Year Ago
No Change
Vs. Year Ago
Up 2.5%
Vs. Year Ago
Down -23%
Vs. Year Ago

Months of Supply
In June, there was 0.5 months of supply available in Sterling and Dulles, compared to 0.7 in June 2020. That is a decrease of 23% 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 109 homes newly listed for sale in Sterling and Dulles compared to 91 in June 2020, an increase of 20%. There were 83 current contracts pending sale this June, consistent with the volume a year ago. The number of current contracts is 22% lower than last month.

Sale Price to List Price Ratio
In June, the average sale price in Sterling and Dulles was 102.8% of the average list price, which is 2.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 7, lower than the average last year, which was 13, a decrease of 46%.

The Long & Foster Market Minute Sterling and Dulles are defined as properties listed in zip code/s 20164 and 20166.
*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.