PENN QUARTER AND SHAW HOUSING MARKET DATA

There was a decrease in total units sold in May, with 39 sold this month in Penn Quarter and Shaw Real Estate versus 40 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 22% versus May 2024.

Versus last year, the total number of homes available this month is higher by 7 units or 3%. The total number of active inventory this May was 264 compared to 257 in May 2024. This month's total of 264 is lower than the previous month's total supply of available inventory of 279, a decrease of 5%.

Last May, the median sale price for Penn Quarter and Shaw Homes was $778,250. This May, the median sale price was $690,000, a decrease of 11% or $88,250 compared to last year. The current median sold price is 7% lower than in April.

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

In May, there was 6.8 months of supply available in Penn Quarter and Shaw, compared to 5.1 in May 2024. That is an increase of 32% 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 86 homes newly listed for sale in Penn Quarter and Shaw compared to 104 in May 2024, a decrease of 17%. There were 42 current contracts pending sale this May compared to 34 a year ago. The number of current contracts is 24% higher than last May.

In May, the average sale price in Penn Quarter and Shaw was 100.1% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 46, lower than the average last year, which was 47, a decrease of 2%.





FOCUS ON: PENN QUARTER AND SHAW HOUSING MARKET			MAY 2025

Zip Code(s): 20001
Units Sold 39	Active Inventory 264	Median Sale Price $690,000	Days On Market 46

Down -22% Vs. Year Ago	Up 3% Vs. Year Ago	Down -11% Vs. Year Ago	Down -2% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 39 sold this month in Penn Quarter and Shaw Real Estate versus 40 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 22% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 7 units or 3%. The total number of active inventory this May was 264 compared to 257 in May 2024. This month's total of 264 is lower than the previous month's total supply of available inventory of 279, a decrease of 5%.
		Median Sale Price Last May, the median sale price for Penn Quarter and Shaw Homes was $778,250. This May, the median sale price was $690,000, a decrease of 11% or $88,250 compared to last year. The current median sold price is 7% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 86	Current Contracts 42	Sold Vs. List Price 100.1%	Months of Supply 6.8

Down -17% Vs. Year Ago	Up 24% Vs. Year Ago	No Change Vs. Year Ago	Up 32% Vs. Year Ago


		Months of Supply In May, there was 6.8 months of supply available in Penn Quarter and Shaw, compared to 5.1 in May 2024. That is an increase of 32% 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 86 homes newly listed for sale in Penn Quarter and Shaw compared to 104 in May 2024, a decrease of 17%. There were 42 current contracts pending sale this May compared to 34 a year ago. The number of current contracts is 24% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Penn Quarter and Shaw 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 46, lower than the average last year, which was 47, a decrease of 2%.


	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.