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Lorton and Fort Belvoir: Market Update

Check out the latest stats on Lorton/Fort Belvoir in zip codes 22079 and 22060!

The Long & Foster Market Minute
Focus On: Lorton, Mason Neck, and Fort Belvoir Housing Market June 2012
Zip Code(s): 22079 and 22060
Units Sold
43
Active Inventory
105
Median Sale Price
$389,800
Days On Market
31
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 7%
Vs. Year Ago
Down -29%
Vs. Year Ago
Up 19%
Vs. Year Ago
Up 29%
Vs. Year Ago
Units Sold
The number of units sold remained stable in June, with 43 sold this month in Lorton, Mason Neck, and Fort Belvoir Real Estate. This month’s total units sold was higher than at this time last year, an increase of 1% versus June 2011.
Active Inventory
Versus last year, the total number of homes available this month is lower by 43 units or 29%. The total number of active inventory this June was 105 compared to 148 in June 2011. This month’s total of 105 is lower than the previous month’s total supply of available inventory of 106, a decrease of 1%.
Median Sale Price
Last June, the median sale price for Lorton, Mason Neck, and Fort Belvoir Homes was $327,475. This June, the median sale price was $389,800, an increase of 19% or $62,325 compared to last year. The current median sold price is 8% 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
72
Current Contracts
52
Sold Vs. List Price
97.7%
Months of Supply
2.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 1%
Vs. Year Ago
Up 27%
Vs. Year Ago
Down -2.6%
Vs. Year Ago
Down -34%
Vs. Year Ago
Months of Supply
In June, there was 2.4 months of supply available in Lorton, Mason Neck, and Fort Belvoir, compared to 3.7 in June 2011. That is a decrease of 34% 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 72 homes newly listed for sale in Lorton, Mason Neck, and Fort Belvoir compared to 71 in June 2011, an increase of 1%. There were 52 current contracts pending sale this June compared to 41 a year ago. The number of current contracts is 27% higher than last June.
Sale Price to List Price Ratio
In June, the average sale price in Lorton, Mason Neck, and Fort Belvoir was 97.7% of the average list price, which is 2.6% lower than at this time last year.
Days on Market
This month, the average number of days on market was 31, higher than the average last year, which was 24, an increase of 29%.