CLEVELAND PARK AND KALORAMA HOUSING MARKET DATA

There was an increase in total units sold in May, with 39 sold this month in Cleveland Park and Kalorama Real Estate versus 37 last month, an increase of 5%. This month's total units sold was lower than at this time last year, a decrease of 9% versus May 2024.

Versus last year, the total number of homes available this month is higher by 47 units or 51%. The total number of active inventory this May was 139 compared to 92 in May 2024. This month's total of 139 is lower than the previous month's total supply of available inventory of 149, a decrease of 7%.

Last May, the median sale price for Cleveland Park and Kalorama Homes was $995,000. This May, the median sale price was $875,000, a decrease of 12% or $120,000 compared to last year. The current median sold price is 21% lower 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 3.6 months of supply available in Cleveland Park and Kalorama, compared to 2.1 in May 2024. That is an increase of 67% 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 47 homes newly listed for sale in Cleveland Park and Kalorama compared to 48 in May 2024, a decrease of 2%. There were 37 current contracts pending sale this May compared to 25 a year ago. The number of current contracts is 48% higher than last May.

In May, the average sale price in Cleveland Park and Kalorama was 96.0% of the average list price, which is lower than at this time last year.

This month, the average number of days on market was 35, higher than the average last year, which was 24, an increase of 46%.





FOCUS ON: CLEVELAND PARK AND KALORAMA HOUSING MARKET			MAY 2025

Zip Code(s): 20008
Units Sold 39	Active Inventory 139	Median Sale Price $875,000	Days On Market 35

Down -9% Vs. Year Ago	Up 51% Vs. Year Ago	Down -12% Vs. Year Ago	Up 46% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 39 sold this month in Cleveland Park and Kalorama Real Estate versus 37 last month, an increase of 5%. This month's total units sold was lower than at this time last year, a decrease of 9% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 47 units or 51%. The total number of active inventory this May was 139 compared to 92 in May 2024. This month's total of 139 is lower than the previous month's total supply of available inventory of 149, a decrease of 7%.
		Median Sale Price Last May, the median sale price for Cleveland Park and Kalorama Homes was $995,000. This May, the median sale price was $875,000, a decrease of 12% or $120,000 compared to last year. The current median sold price is 21% lower 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 47	Current Contracts 37	Sold Vs. List Price 96.0%	Months of Supply 3.6

Down -2% Vs. Year Ago	Up 48% Vs. Year Ago	Down Vs. Year Ago	Up 66% Vs. Year Ago


		Months of Supply In May, there was 3.6 months of supply available in Cleveland Park and Kalorama, compared to 2.1 in May 2024. That is an increase of 67% 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 47 homes newly listed for sale in Cleveland Park and Kalorama compared to 48 in May 2024, a decrease of 2%. There were 37 current contracts pending sale this May compared to 25 a year ago. The number of current contracts is 48% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Cleveland Park and Kalorama was 96.0% of the average list price, which is lower than at this time last year. Days on Market This month, the average number of days on market was 35, higher than the average last year, which was 24, an increase of 46%.


	Cleveland Park and Kalorama are defined as properties in zip code 20008 and includes, but is not limited to these neighborhoods: Cleveland Park, Forest Hills, and Kalorama.
	*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.