The Long & Foster Market Minute

Focus On: Logan Circle and Dupont Housing Market April 2020

Zip Code(s): 20005 and 20036
Units Sold
17
Active Inventory
38
Median Sale Price
$500,000
Days On Market
32
Down
Vs. Year Ago
Down -49%
Vs. Year Ago
Up 8%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in April, with 17 sold this month in Logan Circle and Dupont Real Estate. This month's total units sold was lower than at this time last year, a decrease from April 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 37 units or 49%. The total number of active inventory this April was 38 compared to 75 in April 2019. This month's total of 38 is higher than the previous month's total supply of available inventory of 34, an increase of 12%.

Median Sale Price
Last April, the median sale price for Logan Circle and Dupont Homes was $464,950. This April, the median sale price was $500,000, an increase of 8% or $35,050 compared to last year. The current median sold price is 18% higher than in March.

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


New Listings
23
Current Contracts
11
Sold Vs. List Price
99.3%
Months of Supply
2.2
Down -59%
Vs. Year Ago
Down -71%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Up 8%
Vs. Year Ago

Months of Supply
In April, there was 2.2 months of supply available in Logan Circle and Dupont, compared to 2.1 in April 2019. That is an increase of 7% 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 23 homes newly listed for sale in Logan Circle and Dupont compared to 56 in April 2019, a decrease of 59%. There were 11 current contracts pending sale this April compared to 38 a year ago. The number of current contracts is 71% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Logan Circle and Dupont was 99.3% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 32, higher than the average last year, which was 19. This increase was impacted by the limited number of sales.

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 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.