ANACOSTIA AND HILLCREST HOUSING MARKET DATA

There was an increase in total units sold in August, with 50 sold this month in Anacostia and Hillcrest Real Estate versus 47 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 33% versus August 2023.

Versus last year, the total number of homes available this month is higher by 58 units or 16%. The total number of active inventory this August was 424 compared to 366 in August 2023. This month's total of 424 is lower than the previous month's total supply of available inventory of 461, a decrease of 8%.

Last August, the median sale price for Anacostia and Hillcrest Homes was $435,000. This August, the median sale price was $357,500, a decrease of 18% or $77,500 compared to last year. The current median sold price is 8% lower than in July.

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

In August, there was 8.5 months of supply available in Anacostia and Hillcrest, compared to 4.9 in August 2023. That is an increase of 74% 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 116 homes newly listed for sale in Anacostia and Hillcrest compared to 138 in August 2023, a decrease of 16%. There were 59 current contracts pending sale this August compared to 52 a year ago. The number of current contracts remained stable as compared to last August.

In August, the average sale price in Anacostia and Hillcrest was 98.3% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 52, higher than the average last year, which was 43, an increase of 21%.





FOCUS ON: ANACOSTIA AND HILLCREST HOUSING MARKET			AUGUST 2024

Zip Code(s): 20019, 20020 and 20032
Units Sold 50	Active Inventory 424	Median Sale Price $357,500	Days On Market 52

Down -33% Vs. Year Ago	Up 16% Vs. Year Ago	Down -18% Vs. Year Ago	Up 21% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 50 sold this month in Anacostia and Hillcrest Real Estate versus 47 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 33% versus August 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 58 units or 16%. The total number of active inventory this August was 424 compared to 366 in August 2023. This month's total of 424 is lower than the previous month's total supply of available inventory of 461, a decrease of 8%.
		Median Sale Price Last August, the median sale price for Anacostia and Hillcrest Homes was $435,000. This August, the median sale price was $357,500, a decrease of 18% or $77,500 compared to last year. The current median sold price is 8% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 116	Current Contracts 59	Sold Vs. List Price 98.3%	Months of Supply 8.5

Down -16% Vs. Year Ago	Up 13% Vs. Year Ago	Down -0.7% Vs. Year Ago	Up 74% Vs. Year Ago


		Months of Supply In August, there was 8.5 months of supply available in Anacostia and Hillcrest, compared to 4.9 in August 2023. That is an increase of 74% 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 116 homes newly listed for sale in Anacostia and Hillcrest compared to 138 in August 2023, a decrease of 16%. There were 59 current contracts pending sale this August compared to 52 a year ago. The number of current contracts remained stable as compared to last August.
		Sale Price to List Price Ratio In August, the average sale price in Anacostia and Hillcrest was 98.3% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 52, higher than the average last year, which was 43, an increase of 21%.


	Anacosta and Hillcrest are defined as properties in zip codes 20019/20020/20032.
	*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.