ADAMS MORGAN AND U STREET HOUSING MARKET DATA

There was an increase in total units sold in February, with 42 sold this month in Adams Morgan and U Street Real Estate versus 35 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 11% versus February 2024.

Versus last year, the total number of homes available this month is higher by 25 units or 14%. The total number of active inventory this February was 209 compared to 184 in February 2024. This month's total of 209 is lower than the previous month's total supply of available inventory of 220, a decrease of 5%.

Last February, the median sale price for Adams Morgan and U Street Homes was $546,500. This February, the median sale price was $787,450, an increase of $240,950 compared to last year. The current median sold price is higher than in January.

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

In February, there was 5.0 months of supply available in Adams Morgan and U Street, compared to 4.8 in February 2024. That is an increase of 3% 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 68 homes newly listed for sale in Adams Morgan and U Street compared to 85 in February 2024, a decrease of 20%. There were 39 current contracts pending sale this February compared to 50 a year ago. The number of current contracts is 22% lower than last February.

In February, the average sale price in Adams Morgan and U Street was 96.9% of the average list price, which is 1.5% lower than at this time last year.

This month, the average number of days on market was 49, higher than the average last year, which was 48, an increase of 2%.





FOCUS ON: ADAMS MORGAN AND U STREET HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20009
Units Sold 42	Active Inventory 209	Median Sale Price $787,450	Days On Market 49

Up 11% Vs. Year Ago	Up 14% Vs. Year Ago	Up Vs. Year Ago	Up 2% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 42 sold this month in Adams Morgan and U Street Real Estate versus 35 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 11% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 25 units or 14%. The total number of active inventory this February was 209 compared to 184 in February 2024. This month's total of 209 is lower than the previous month's total supply of available inventory of 220, a decrease of 5%.
		Median Sale Price Last February, the median sale price for Adams Morgan and U Street Homes was $546,500. This February, the median sale price was $787,450, an increase of $240,950 compared to last year. The current median sold price is higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 68	Current Contracts 39	Sold Vs. List Price 96.9%	Months of Supply 5.0

Down -20% Vs. Year Ago	Down -22% Vs. Year Ago	Down -1.5% Vs. Year Ago	Up 3% Vs. Year Ago


		Months of Supply In February, there was 5.0 months of supply available in Adams Morgan and U Street, compared to 4.8 in February 2024. That is an increase of 3% 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 68 homes newly listed for sale in Adams Morgan and U Street compared to 85 in February 2024, a decrease of 20%. There were 39 current contracts pending sale this February compared to 50 a year ago. The number of current contracts is 22% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Adams Morgan and U Street was 96.9% of the average list price, which is 1.5% lower than at this time last year. Days on Market This month, the average number of days on market was 49, higher than the average last year, which was 48, an increase of 2%.


	Adams Morgan and U Street are defined as properties in zip code 20009
	*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.