BRIGHTWOOD AND PETWORTH HOUSING MARKET DATA

There was a decrease in total units sold in June, with 46 sold this month in Brightwood and Petworth Real Estate versus 61 last month, a decrease of 25%. This month's total units sold was higher than at this time last year, an increase of 7% versus June 2024.

Versus last year, the total number of homes available this month is lower by 26 units or 8%. The total number of active inventory this June was 280 compared to 306 in June 2024. This month's total of 280 is lower than the previous month's total supply of available inventory of 336, a decrease of 17%.

Last June, the median sale price for Brightwood and Petworth Homes was $775,000. This June, the median sale price was $670,000, a decrease of 14% or $105,000 compared to last year. The current median sold price is 14% lower 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 6.1 months of supply available in Brightwood and Petworth, compared to 7.1 in June 2024. That is a decrease of 14% 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 96 homes newly listed for sale in Brightwood and Petworth compared to 126 in June 2024, a decrease of 24%. There were 66 current contracts pending sale this June compared to 44 a year ago. The number of current contracts is 50% higher than last June.

In June, the average sale price in Brightwood and Petworth was 97.9% of the average list price, which is 1.6% lower than at this time last year.

This month, the average number of days on market was 58, higher than the average last year, which was 48, an increase of 21%.





FOCUS ON: BRIGHTWOOD AND PETWORTH HOUSING MARKET			JUNE 2025

Zip Code(s): 20011
Units Sold 46	Active Inventory 280	Median Sale Price $670,000	Days On Market 58

Up 7% Vs. Year Ago	Down -8% Vs. Year Ago	Down -14% Vs. Year Ago	Up 21% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 46 sold this month in Brightwood and Petworth Real Estate versus 61 last month, a decrease of 25%. This month's total units sold was higher than at this time last year, an increase of 7% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 26 units or 8%. The total number of active inventory this June was 280 compared to 306 in June 2024. This month's total of 280 is lower than the previous month's total supply of available inventory of 336, a decrease of 17%.
		Median Sale Price Last June, the median sale price for Brightwood and Petworth Homes was $775,000. This June, the median sale price was $670,000, a decrease of 14% or $105,000 compared to last year. The current median sold price is 14% lower 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 96	Current Contracts 66	Sold Vs. List Price 97.9%	Months of Supply 6.1

Down -24% Vs. Year Ago	Up 50% Vs. Year Ago	Down -1.6% Vs. Year Ago	Down -14% Vs. Year Ago


		Months of Supply In June, there was 6.1 months of supply available in Brightwood and Petworth, compared to 7.1 in June 2024. That is a decrease of 14% 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 96 homes newly listed for sale in Brightwood and Petworth compared to 126 in June 2024, a decrease of 24%. There were 66 current contracts pending sale this June compared to 44 a year ago. The number of current contracts is 50% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Brightwood and Petworth was 97.9% of the average list price, which is 1.6% lower than at this time last year. Days on Market This month, the average number of days on market was 58, higher than the average last year, which was 48, an increase of 21%.


	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.