The Long & Foster Market Minute

Focus On: Columbia Heights and Mt. Pleasant Housing Market November 2017

Zip Code(s): 20010
Units Sold
27
Active Inventory
72
Median Sale Price
$685,000
Days On Market
18
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -31%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -25%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in November, with 27 sold this month in Columbia Heights and Mt. Pleasant Real Estate versus 31 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 31% versus November 2016.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 7 units or 11%. The total number of active inventory this November was 72 compared to 65 in November 2016. This month's total of 72 is lower than the previous month's total supply of available inventory of 78, a decrease of 8%.

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Median Sale Price
Last November, the median sale price for Columbia Heights and Mt. Pleasant Homes was $689,000. This November, the median sale price was $685,000, a decrease of 1% or $4,000 compared to last year. The current median sold price is 5% lower than in October.

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

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New Listings
42
Current Contracts
21
Sold Vs. List Price
101.3%
Months of Supply
2.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 20%
Vs. Year Ago
Down -28%
Vs. Year Ago
Up 1.2%
Vs. Year Ago
Up 60%
Vs. Year Ago

Months of Supply
In November, there was 2.7 months of supply available in Columbia Heights and Mt. Pleasant, compared to 1.7 in November 2016. That is an increase of 60% 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.

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New Listings & Current Contracts
This month there were 42 homes newly listed for sale in Columbia Heights and Mt. Pleasant compared to 35 in November 2016, an increase of 20%. There were 21 current contracts pending sale this November compared to 29 a year ago. The number of current contracts is 28% lower than last November.

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Sale Price to List Price Ratio
In November, the average sale price in Columbia Heights and Mt. Pleasant was 101.3% of the average list price, which is 1.2% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 18, lower than the average last year, which was 24, a decrease of 25%.

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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.