The Long & Foster Market Minute

Focus On: Brookland and Woodridge Housing Market April 2019

Zip Code(s): 20017 and 20018
Units Sold
53
Active Inventory
92
Median Sale Price
$575,000
Days On Market
42
Up
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 20%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 53 sold this month in Brookland and Woodridge Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 2 units or 2%. The total number of active inventory this April was 92 compared to 94 in April 2018. This month's total of 92 is lower than the previous month's total supply of available inventory of 98, a decrease of 6%.

Median Sale Price
Last April, the median sale price for Brookland and Woodridge Homes was $542,250. This April, the median sale price was $575,000, an increase of 6% or $32,750 compared to last year. The current median sold price is 14% higher than in March.

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


New Listings
83
Current Contracts
67
Sold Vs. List Price
99.1%
Months of Supply
1.7
Up 46%
Vs. Year Ago
Up 68%
Vs. Year Ago
Down -1.8%
Vs. Year Ago
Down -37%
Vs. Year Ago

Months of Supply
In April, there was 1.7 months of supply available in Brookland and Woodridge, compared to 2.8 in April 2018. That is a decrease of 37% 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 83 homes newly listed for sale in Brookland and Woodridge compared to 57 in April 2018, an increase of 46%. There were 67 current contracts pending sale this April compared to 40 a year ago. The number of current contracts is 68% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Brookland and Woodridge was 99.1% of the average list price, which is 1.9% lower than at this time last year.

Days on Market
This month, the average number of days on market was 42, higher than the average last year, which was 35, an increase of 20%.

The Long & Foster Market Minute Brookland and Woodridge are defined as properties in zip codes 20017/20018.
*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.
REALTOR, Equal Opportunity HousingInformation 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.