Chevy Chase DC Housing Market Data

There was a decrease in total units sold in August, with 18 sold this month in Chevy Chase DC Real Estate versus 19 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 25% versus August 2017.

Versus last year, the total number of homes available this month is lower by 6 units or 20%. The total number of active inventory this August was 24 compared to 30 in August 2017. This month's total of 24 is lower than the previous month's total supply of available inventory of 28, a decrease of 14%.

Last August, the median sale price for Chevy Chase DC Homes was $966,000. This August, the median sale price was $1,057,500, an increase of 9% or $91,500 compared to last year. The current median sold price is 15% lower than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 1.3 months of supply available in Chevy Chase DC. The amount of supply is similar compared to 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.

This month there were 9 homes newly listed for sale in Chevy Chase DC compared to 14 in August 2017, a decrease of 36%. There were 7 current contracts pending sale this August compared to 13 a year ago. The number of current contracts is 46% lower than last August.

In August, the average sale price in Chevy Chase DC was 101.4% of the average list price, which is 1.9% higher than at this time last year.

This month, the average number of days on market was 37, higher than the average last year, which was 32, an increase of 16%.





Focus On: Chevy Chase DC Housing Market			August 2018

Zip Code(s): 20015
Units Sold 18	Active Inventory 24	Median Sale Price $1,057,500	Days On Market 37

Down -25% Vs. Year Ago	Down -20% Vs. Year Ago	Up 9% Vs. Year Ago	Up 16% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 18 sold this month in Chevy Chase DC Real Estate versus 19 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 25% versus August 2017.
Active Inventory Versus last year, the total number of homes available this month is lower by 6 units or 20%. The total number of active inventory this August was 24 compared to 30 in August 2017. This month's total of 24 is lower than the previous month's total supply of available inventory of 28, a decrease of 14%.
		Median Sale Price Last August, the median sale price for Chevy Chase DC Homes was $966,000. This August, the median sale price was $1,057,500, an increase of 9% or $91,500 compared to last year. The current median sold price is 15% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 9	Current Contracts 7	Sold Vs. List Price 101.4%	Months of Supply 1.3

Down -36% Vs. Year Ago	Down -46% Vs. Year Ago	Up 1.9% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In August, there was 1.3 months of supply available in Chevy Chase DC. The amount of supply is similar compared to 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 9 homes newly listed for sale in Chevy Chase DC compared to 14 in August 2017, a decrease of 36%. There were 7 current contracts pending sale this August compared to 13 a year ago. The number of current contracts is 46% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Chevy Chase DC was 101.4% of the average list price, which is 1.9% higher than at this time last year. Days on Market This month, the average number of days on market was 37, higher than the average last year, which was 32, an increase of 16%.


	Chevy Chase DC is defined as properties in zip code 20015.
	*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.
	Information included in this report is based on data supplied by MRIS 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 MRIS or Long & Foster Real Estate, Inc.