Penn Quarter and Shaw Housing Market Data

There was a decrease in total units sold in April, with 47 sold this month in Penn Quarter and Shaw Real Estate. This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is higher by 4 units or 3%. The total number of active inventory this April was 126 compared to 122 in April 2019. This month's total of 126 is higher than the previous month's total supply of available inventory of 124, an increase of 2%.

Last April, the median sale price for Penn Quarter and Shaw Homes was $676,900. This April, the median sale price was $685,000, an increase of 1% or $8,100 compared to last year. The current median sold price is 2% 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.

In April, there was 2.7 months of supply available in Penn Quarter and Shaw, compared to 1.2 in April 2019. That is an increase of 120% 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 74 homes newly listed for sale in Penn Quarter and Shaw compared to 116 in April 2019, a decrease of 36%. There were 49 current contracts pending sale this April compared to 79 a year ago. The number of current contracts is 38% lower than last April.

In April, the average sale price in Penn Quarter and Shaw was 100.5% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 23, lower than the average last year, which was 29, a decrease of 21%.





Focus On: Penn Quarter and Shaw Housing Market			April 2020

Zip Code(s): 20001
Units Sold 47	Active Inventory 126	Median Sale Price $685,000	Days On Market 23

Down Vs. Year Ago	Up 3% Vs. Year Ago	Up 1% Vs. Year Ago	Down -21% Vs. Year Ago


		Units Sold There was a decrease in total units sold in April, with 47 sold this month in Penn Quarter and Shaw Real Estate. This month's total units sold was lower than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 4 units or 3%. The total number of active inventory this April was 126 compared to 122 in April 2019. This month's total of 126 is higher than the previous month's total supply of available inventory of 124, an increase of 2%.
		Median Sale Price Last April, the median sale price for Penn Quarter and Shaw Homes was $676,900. This April, the median sale price was $685,000, an increase of 1% or $8,100 compared to last year. The current median sold price is 2% 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 74	Current Contracts 49	Sold Vs. List Price 100.5%	Months of Supply 2.7

Down -36% Vs. Year Ago	Down -38% Vs. Year Ago	No Change Vs. Year Ago	Up 120% Vs. Year Ago


		Months of Supply In April, there was 2.7 months of supply available in Penn Quarter and Shaw, compared to 1.2 in April 2019. That is an increase of 120% 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 74 homes newly listed for sale in Penn Quarter and Shaw compared to 116 in April 2019, a decrease of 36%. There were 49 current contracts pending sale this April compared to 79 a year ago. The number of current contracts is 38% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in Penn Quarter and Shaw was 100.5% 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 23, lower than the average last year, which was 29, a decrease of 21%.


	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.