Brightwood and Petworth Housing Market Data

There was a decrease in total units sold in January, with 60 sold this month in Brightwood and Petworth Real Estate versus 70 last month, a decrease of 14%. This month's total units sold was higher than at this time last year, an increase of 3% versus January 2018.

Versus last year, the total number of homes available this month is higher by 28 units or 25%. The total number of active inventory this January was 138 compared to 110 in January 2018. This month's total of 138 is lower than the previous month's total supply of available inventory of 207, a decrease of 33%.

Last January, the median sale price for Brightwood and Petworth Homes was $628,500. This January, the median sale price was $597,500, a decrease of 5% or $31,000 compared to last year. The current median sold price is 8% higher 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 2.3 months of supply available in Brightwood and Petworth, compared to 1.9 in January 2018. That is an increase of 21% 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 72 homes newly listed for sale in Brightwood and Petworth compared to 84 in January 2018, a decrease of 14%. There were 70 current contracts pending sale this January compared to 56 a year ago. The number of current contracts is 25% higher than last January.

In January, the average sale price in Brightwood and Petworth was 98.8% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 45, lower than the average last year, which was 53, a decrease of 15%.





Focus On: Brightwood and Petworth Housing Market			January 2019

Zip Code(s): 20011
Units Sold 60	Active Inventory 138	Median Sale Price $597,500	Days On Market 45

Up 3% Vs. Year Ago	Up 25% Vs. Year Ago	Down -5% Vs. Year Ago	Down -15% Vs. Year Ago


		Units Sold There was a decrease in total units sold in January, with 60 sold this month in Brightwood and Petworth Real Estate versus 70 last month, a decrease of 14%. This month's total units sold was higher than at this time last year, an increase of 3% versus January 2018.
Active Inventory Versus last year, the total number of homes available this month is higher by 28 units or 25%. The total number of active inventory this January was 138 compared to 110 in January 2018. This month's total of 138 is lower than the previous month's total supply of available inventory of 207, a decrease of 33%.
		Median Sale Price Last January, the median sale price for Brightwood and Petworth Homes was $628,500. This January, the median sale price was $597,500, a decrease of 5% or $31,000 compared to last year. The current median sold price is 8% higher 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 72	Current Contracts 70	Sold Vs. List Price 98.8%	Months of Supply 2.3

Down -14% Vs. Year Ago	Up 25% Vs. Year Ago	No Change Vs. Year Ago	Up 21% Vs. Year Ago


		Months of Supply In January, there was 2.3 months of supply available in Brightwood and Petworth, compared to 1.9 in January 2018. That is an increase of 21% 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 72 homes newly listed for sale in Brightwood and Petworth compared to 84 in January 2018, a decrease of 14%. There were 70 current contracts pending sale this January compared to 56 a year ago. The number of current contracts is 25% higher than last January.
		Sale Price to List Price Ratio In January, the average sale price in Brightwood and Petworth was 98.8% 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 45, lower than the average last year, which was 53, a decrease of 15%.


	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.