BRIGHTWOOD AND PETWORTH HOUSING MARKET DATA

There was an increase in total units sold in May, with 58 sold this month in Brightwood and Petworth 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 21 units or 7%. The total number of active inventory this May was 311 compared to 290 in May 2024. This month's total of 311 is lower than the previous month's total supply of available inventory of 348, a decrease of 11%.

Last May, the median sale price for Brightwood and Petworth Homes was $650,000. This May, the median sale price was $775,520, an increase of 19% or $125,520 compared to last year. The current median sold price is 15% higher than in April.

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

In May, there was 5.4 months of supply available in Brightwood and Petworth, compared to 4.3 in May 2024. That is an increase of 24% 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 109 homes newly listed for sale in Brightwood and Petworth compared to 119 in May 2024, a decrease of 8%. There were 67 current contracts pending sale this May compared to 48 a year ago. The number of current contracts is 40% higher than last May.

In May, the average sale price in Brightwood and Petworth was 97.8% of the average list price, which is 2.3% lower than at this time last year.

This month, the average number of days on market was 33, higher than the average last year, which was 31, an increase of 6%.





FOCUS ON: BRIGHTWOOD AND PETWORTH HOUSING MARKET			MAY 2025

Zip Code(s): 20011
Units Sold 58	Active Inventory 311	Median Sale Price $775,520	Days On Market 33

Down -13% Vs. Year Ago	Up 7% Vs. Year Ago	Up 19% Vs. Year Ago	Up 6% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 58 sold this month in Brightwood and Petworth 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 21 units or 7%. The total number of active inventory this May was 311 compared to 290 in May 2024. This month's total of 311 is lower than the previous month's total supply of available inventory of 348, a decrease of 11%.
		Median Sale Price Last May, the median sale price for Brightwood and Petworth Homes was $650,000. This May, the median sale price was $775,520, an increase of 19% or $125,520 compared to last year. The current median sold price is 15% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 109	Current Contracts 67	Sold Vs. List Price 97.8%	Months of Supply 5.4

Down -8% Vs. Year Ago	Up 40% Vs. Year Ago	Down -2.3% Vs. Year Ago	Up 24% Vs. Year Ago


		Months of Supply In May, there was 5.4 months of supply available in Brightwood and Petworth, compared to 4.3 in May 2024. That is an increase of 24% 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 109 homes newly listed for sale in Brightwood and Petworth compared to 119 in May 2024, a decrease of 8%. There were 67 current contracts pending sale this May compared to 48 a year ago. The number of current contracts is 40% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Brightwood and Petworth was 97.8% of the average list price, which is 2.3% lower than at this time last year. Days on Market This month, the average number of days on market was 33, higher than the average last year, which was 31, an increase of 6%.


	Brightwood and Petworth are defined as properties listed in zip code/s 20011.
	*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.