 |
|||
 |
|||
| | |||
| JULY 2025 | |||
| | |||
| Zip Code(s): 20007 | |||
| Units Sold 52 |
Active Inventory 132 |
Median Sale Price $1,102,500 |
Days On Market 39 |
|
|
|
|
|
| Up Vs. Year Ago |
Up 10% Vs. Year Ago |
Down -19% Vs. Year Ago |
Up 18% Vs. Year Ago |
| | |||
Units Sold
There was an increase in total units sold in July, with 52 sold this month in Georgetown 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 12 units or 10%. The total number of active inventory this July was 132 compared to 120 in July 2024. This month's total of 132 is lower than the previous month's total supply of available inventory of 154, a decrease of 14%. |
|||
Median Sale Price
Last July, the median sale price for Georgetown Homes was $1,360,000. This July, the median sale price was $1,102,500, a decrease of $257,500 compared to last year. The current median sold price is lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 48 |
Current Contracts 39 |
Sold Vs. List Price 97.0% |
Months of Supply 2.5 |
|
|
|
|
|
| No Change Vs. Year Ago |
Up 11% Vs. Year Ago |
Down -1.4% Vs. Year Ago |
Down -26% Vs. Year Ago |
| | |||
Months of Supply
In July, there was 2.5 months of supply available in Georgetown, compared to 3.4 in July 2024. That is a decrease of 26% 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 48 homes newly listed for sale in Georgetown, which is similar to the amount in July 2024. There were 39 current contracts pending sale this July compared to 35 a year ago. The number of current contracts is 11% higher than last July. |
|||
Sale Price to List Price Ratio
In July, the average sale price in Georgetown was 97.0% of the average list price, which is 1.3% lower than at this time last year. Days on Market
This month, the average number of days on market was 39, higher than the average last year, which was 33, an increase of 18%. | |||
 |
Georgetown is defined as properties in zip code 20007. | ||
| *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 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. |
|||