The Long & Foster Market Minute

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

Zip Code(s): 20010
Units Sold
41
Active Inventory
90
Median Sale Price
$670,000
Days On Market
35
Up 32%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -3%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 41 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 higher by 10 units or 13%. The total number of active inventory this October was 90 compared to 80 in October 2017. This month's total of 90 is higher than the previous month's total supply of available inventory of 78, an increase of 15%.

Median Sale Price
Last October, the median sale price for Columbia Heights and Mt. Pleasant Homes was $724,000. This October, the median sale price was $670,000, a decrease of 7% or $54,000 compared to last year. The current median sold price is 9% lower than in September.

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


New Listings
80
Current Contracts
40
Sold Vs. List Price
100.1%
Months of Supply
2.2
Up 19%
Vs. Year Ago
Up 3%
Vs. Year Ago
No Change
Vs. Year Ago
Down -15%
Vs. Year Ago

Months of Supply
In October, there was 2.2 months of supply available in Columbia Heights and Mt. Pleasant, compared to 2.6 in October 2017. That is a decrease of 15% 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 80 homes newly listed for sale in Columbia Heights and Mt. Pleasant compared to 67 in October 2017, an increase of 19%. There were 40 current contracts pending sale this October compared to 39 a year ago. The number of current contracts is 3% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Columbia Heights and Mt. Pleasant was 100.1% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 35, lower than the average last year, which was 36, a decrease of 3%.

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 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.