BRIGHTWOOD AND PETWORTH HOUSING MARKET DATA

There was a decrease in total units sold in January, with 40 sold this month in Brightwood and Petworth Real Estate versus 51 last month, a decrease of 22%. This month's total units sold was higher than at this time last year, an increase of 29% versus January 2024.

Versus last year, the total number of homes available this month is higher by 14 units or 7%. The total number of active inventory this January was 224 compared to 210 in January 2024. This month's total of 224 is lower than the previous month's total supply of available inventory of 235, a decrease of 5%.

Last January, the median sale price for Brightwood and Petworth Homes was $625,000. This January, the median sale price was $607,500, a decrease of 3% or $17,500 compared to last year. The current median sold price is 6% lower than in December.

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

In January, there was 5.6 months of supply available in Brightwood and Petworth, compared to 6.8 in January 2024. That is a decrease of 17% 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 82 homes newly listed for sale in Brightwood and Petworth compared to 107 in January 2024, a decrease of 23%. There were 49 current contracts pending sale this January compared to 43 a year ago. The number of current contracts is 14% higher than last January.

In January, the average sale price in Brightwood and Petworth was 98.5% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 51, higher than the average last year, which was 46, an increase of 11%.





FOCUS ON: BRIGHTWOOD AND PETWORTH HOUSING MARKET			JANUARY 2025

Zip Code(s): 20011
Units Sold 40	Active Inventory 224	Median Sale Price $607,500	Days On Market 51

Up 29% Vs. Year Ago	Up 7% Vs. Year Ago	Down -3% Vs. Year Ago	Up 11% Vs. Year Ago


		Units Sold There was a decrease in total units sold in January, with 40 sold this month in Brightwood and Petworth Real Estate versus 51 last month, a decrease of 22%. This month's total units sold was higher than at this time last year, an increase of 29% versus January 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 14 units or 7%. The total number of active inventory this January was 224 compared to 210 in January 2024. This month's total of 224 is lower than the previous month's total supply of available inventory of 235, a decrease of 5%.
		Median Sale Price Last January, the median sale price for Brightwood and Petworth Homes was $625,000. This January, the median sale price was $607,500, a decrease of 3% or $17,500 compared to last year. The current median sold price is 6% lower than in December. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 82	Current Contracts 49	Sold Vs. List Price 98.5%	Months of Supply 5.6

Down -23% Vs. Year Ago	Up 14% Vs. Year Ago	No Change Vs. Year Ago	Down -17% Vs. Year Ago


		Months of Supply In January, there was 5.6 months of supply available in Brightwood and Petworth, compared to 6.8 in January 2024. That is a decrease of 17% 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 82 homes newly listed for sale in Brightwood and Petworth compared to 107 in January 2024, a decrease of 23%. There were 49 current contracts pending sale this January compared to 43 a year ago. The number of current contracts is 14% higher than last January.
		Sale Price to List Price Ratio In January, the average sale price in Brightwood and Petworth was 98.5% 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 51, higher than the average last year, which was 46, an increase of 11%.


	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.