PENN QUARTER AND SHAW HOUSING MARKET DATA

There was a decrease in total units sold in July, with 37 sold this month in Penn Quarter and Shaw Real Estate versus 42 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 12% versus July 2024.

Versus last year, the total number of homes available this month is lower by 13 units or 6%. The total number of active inventory this July was 220 compared to 233 in July 2024. This month's total of 220 is lower than the previous month's total supply of available inventory of 264, a decrease of 17%.

Last July, the median sale price for Penn Quarter and Shaw Homes was $645,000. This July, the median sale price was $690,000, an increase of 7% or $45,000 compared to last year. The current median sold price is 9% 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.

In July, there was 5.9 months of supply available in Penn Quarter and Shaw, compared to 5.5 in July 2024. 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.

This month there were 47 homes newly listed for sale in Penn Quarter and Shaw compared to 98 in July 2024, a decrease of 52%. There were 34 current contracts pending sale this July compared to 40 a year ago. The number of current contracts is 15% lower than last July.

In July, the average sale price in Penn Quarter and Shaw was 97.9% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 37, lower than the average last year, which was 45, a decrease of 18%.





FOCUS ON: PENN QUARTER AND SHAW HOUSING MARKET			JULY 2025

Zip Code(s): 20001
Units Sold 37	Active Inventory 220	Median Sale Price $690,000	Days On Market 37

Down -12% Vs. Year Ago	Down -6% Vs. Year Ago	Up 7% Vs. Year Ago	Down -18% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 37 sold this month in Penn Quarter and Shaw Real Estate versus 42 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 12% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 13 units or 6%. The total number of active inventory this July was 220 compared to 233 in July 2024. This month's total of 220 is lower than the previous month's total supply of available inventory of 264, a decrease of 17%.
		Median Sale Price Last July, the median sale price for Penn Quarter and Shaw Homes was $645,000. This July, the median sale price was $690,000, an increase of 7% or $45,000 compared to last year. The current median sold price is 9% 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 47	Current Contracts 34	Sold Vs. List Price 97.9%	Months of Supply 5.9

Down -52% Vs. Year Ago	Down -15% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 7% Vs. Year Ago


		Months of Supply In July, there was 5.9 months of supply available in Penn Quarter and Shaw, compared to 5.5 in July 2024. 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 47 homes newly listed for sale in Penn Quarter and Shaw compared to 98 in July 2024, a decrease of 52%. There were 34 current contracts pending sale this July compared to 40 a year ago. The number of current contracts is 15% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Penn Quarter and Shaw was 97.9% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 37, lower than the average last year, which was 45, a decrease of 18%.


	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.