PENN QUARTER AND SHAW HOUSING MARKET DATA

There was a decrease in total units sold in August, with 35 sold this month in Penn Quarter and Shaw Real Estate versus 37 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 20% versus August 2024.

Versus last year, the total number of homes available this month is lower by 25 units or 10%. The total number of active inventory this August was 223 compared to 248 in August 2024. This month's total of 223 is lower than the previous month's total supply of available inventory of 239, a decrease of 7%.

Last August, the median sale price for Penn Quarter and Shaw Homes was $772,500. This August, the median sale price was $609,000, a decrease of 21% or $163,500 compared to last year. The current median sold price is 12% lower than in July.

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

In August, there was 6.4 months of supply available in Penn Quarter and Shaw, compared to 5.6 in August 2024. That is an increase of 13% 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.

This month there were 62 homes newly listed for sale in Penn Quarter and Shaw compared to 83 in August 2024, a decrease of 25%. There were 29 current contracts pending sale this August compared to 30 a year ago. The number of current contracts is 3% lower than last August.

In August, the average sale price in Penn Quarter and Shaw was 97.1% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 50, higher than the average last year, which was 45, an increase of 11%.





FOCUS ON: PENN QUARTER AND SHAW HOUSING MARKET			AUGUST 2025

Zip Code(s): 20001
Units Sold 35	Active Inventory 223	Median Sale Price $609,000	Days On Market 50

Down -20% Vs. Year Ago	Down -10% Vs. Year Ago	Down -21% Vs. Year Ago	Up 11% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 35 sold this month in Penn Quarter and Shaw Real Estate versus 37 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 20% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 25 units or 10%. The total number of active inventory this August was 223 compared to 248 in August 2024. This month's total of 223 is lower than the previous month's total supply of available inventory of 239, a decrease of 7%.
		Median Sale Price Last August, the median sale price for Penn Quarter and Shaw Homes was $772,500. This August, the median sale price was $609,000, a decrease of 21% or $163,500 compared to last year. The current median sold price is 12% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 62	Current Contracts 29	Sold Vs. List Price 97.1%	Months of Supply 6.4

Down -25% Vs. Year Ago	Down -3% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 13% Vs. Year Ago


		Months of Supply In August, there was 6.4 months of supply available in Penn Quarter and Shaw, compared to 5.6 in August 2024. That is an increase of 13% 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 62 homes newly listed for sale in Penn Quarter and Shaw compared to 83 in August 2024, a decrease of 25%. There were 29 current contracts pending sale this August compared to 30 a year ago. The number of current contracts is 3% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Penn Quarter and Shaw was 97.1% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 50, higher than the average last year, which was 45, an increase of 11%.


	Penn Quarter and Shaw are defined as properties in zip code 20001 and includes, but is not limited to these neighborhoods: Penn Quarter, Shaw, and LeDroit Park.
	*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.