The Long & Foster Market Minute

Focus On: Logan Circle and Dupont Housing Market December 2017

Zip Code(s): 20005 and 20036
Units Sold
25
Active Inventory
52
Median Sale Price
$575,000
Days On Market
31
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -17%
Vs. Year Ago
Up 53%
Vs. Year Ago
Up 17%
Vs. Year Ago
Up 15%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 25 sold this month in Logan Circle and Dupont Real Estate versus 28 last month, a decrease of 11%. This month's total units sold was lower than at this time last year, a decrease of 17% versus December 2016.

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Active Inventory
Versus last year, the total number of homes available this month is higher by 18 units or 53%. The total number of active inventory this December was 52 compared to 34 in December 2016. This month's total of 52 is lower than the previous month's total supply of available inventory of 80, a decrease of 35%.

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Median Sale Price
Last December, the median sale price for Logan Circle and Dupont Homes was $491,950. This December, the median sale price was $575,000, an increase of 17% or $83,050 compared to last year. The current median sold price is 22% higher than in November.

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
16
Current Contracts
28
Sold Vs. List Price
99.4%
Months of Supply
2.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 14%
Vs. Year Ago
Up 100%
Vs. Year Ago
No Change
Vs. Year Ago
Up 84%
Vs. Year Ago

Months of Supply
In December, there was 2.1 months of supply available in Logan Circle and Dupont, compared to 1.1 in December 2016. That is an increase of 84% 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 16 homes newly listed for sale in Logan Circle and Dupont compared to 14 in December 2016, an increase of 14%. There were 28 current contracts pending sale this December compared to 14 a year ago. The number of current contracts is 100% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Logan Circle and Dupont was 99.4% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 31, higher than the average last year, which was 27, an increase of 15%.

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The Long & Foster Market Minute Logan Circle and Dupont are defined as properties in zip codes 20005 and 20036.
*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.