The Long & Foster Market Minute

Focus On: Columbia Heights and Mt. Pleasant Housing Market April 2018

Zip Code(s): 20010
Units Sold
43
Active Inventory
44
Median Sale Price
$653,000
Days On Market
14
Up
Vs. Year Ago
Down -19%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -30%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 43 sold this month in Columbia Heights and Mt. Pleasant 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 lower by 10 units or 19%. The total number of active inventory this April was 44 compared to 54 in April 2017. This month's total of 44 is lower than the previous month's total supply of available inventory of 47, a decrease of 6%.

Median Sale Price
Last April, the median sale price for Columbia Heights and Mt. Pleasant Homes was $705,000. This April, the median sale price was approximately the same at $653,000. The current median sold price is 7% lower than in April 2017.

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


New Listings
64
Current Contracts
54
Sold Vs. List Price
101.9%
Months of Supply
1.0
Up 14%
Vs. Year Ago
Up 35%
Vs. Year Ago
Up 0.8%
Vs. Year Ago
Down -45%
Vs. Year Ago

Months of Supply
In April, there was 1.0 months of supply available in Columbia Heights and Mt. Pleasant, compared to 1.9 in April 2017. That is a decrease of 45% 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 64 homes newly listed for sale in Columbia Heights and Mt. Pleasant compared to 56 in April 2017, an increase of 14%. There were 54 current contracts pending sale this April compared to 40 a year ago. The number of current contracts is 35% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Columbia Heights and Mt. Pleasant was 101.9% of the average list price, which is 0.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 20, a decrease of 30%.

The Long & Foster Market Minute Columbia Heights and Mt. Pleasant are defined as properties in zip code 20010.
*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 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.