PENN QUARTER AND SHAW HOUSING MARKET DATA

There was an increase in total units sold in June, with 41 sold this month in Penn Quarter and Shaw Real Estate versus 39 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 8% versus June 2024.

Versus last year, the total number of homes available this month is higher by 5 units or 2%. The total number of active inventory this June was 246 compared to 241 in June 2024. This month's total of 246 is lower than the previous month's total supply of available inventory of 280, a decrease of 12%.

Last June, the median sale price for Penn Quarter and Shaw Homes was $532,500. This June, the median sale price was $770,000, an increase of $237,500 compared to last year. The current median sold price is higher than in May.

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

In June, there was 6.0 months of supply available in Penn Quarter and Shaw, compared to 6.3 in June 2024. That is a decrease of 5% 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 64 homes newly listed for sale in Penn Quarter and Shaw compared to 82 in June 2024, a decrease of 22%. There were 36 current contracts pending sale this June compared to 46 a year ago. The number of current contracts is 22% lower than last June.

In June, the average sale price in Penn Quarter and Shaw was 98.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 28, lower than the average last year, which was 48, a decrease of 42%.





FOCUS ON: PENN QUARTER AND SHAW HOUSING MARKET			JUNE 2025

Zip Code(s): 20001
Units Sold 41	Active Inventory 246	Median Sale Price $770,000	Days On Market 28

Up 8% Vs. Year Ago	Up 2% Vs. Year Ago	Up Vs. Year Ago	Down -42% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 41 sold this month in Penn Quarter and Shaw Real Estate versus 39 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 8% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 5 units or 2%. The total number of active inventory this June was 246 compared to 241 in June 2024. This month's total of 246 is lower than the previous month's total supply of available inventory of 280, a decrease of 12%.
		Median Sale Price Last June, the median sale price for Penn Quarter and Shaw Homes was $532,500. This June, the median sale price was $770,000, an increase of $237,500 compared to last year. The current median sold price is higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 64	Current Contracts 36	Sold Vs. List Price 98.8%	Months of Supply 6.0

Down -22% Vs. Year Ago	Down -22% Vs. Year Ago	No Change Vs. Year Ago	Down -5% Vs. Year Ago


		Months of Supply In June, there was 6.0 months of supply available in Penn Quarter and Shaw, compared to 6.3 in June 2024. That is a decrease of 5% 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 64 homes newly listed for sale in Penn Quarter and Shaw compared to 82 in June 2024, a decrease of 22%. There were 36 current contracts pending sale this June compared to 46 a year ago. The number of current contracts is 22% lower than last June.
		Sale Price to List Price Ratio In June, the average sale price in Penn Quarter and Shaw was 98.8% 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 28, lower than the average last year, which was 48, a decrease of 42%.


	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.