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| APRIL 2025 | |||
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| Zip Code(s): 20008 | |||
| Units Sold 37 |
Active Inventory 131 |
Median Sale Price $1,105,000 |
Days On Market 63 |
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| Up Vs. Year Ago |
Up 72% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in April, with 37 sold this month in Cleveland Park and Kalorama Real Estate. This month's total units sold was higher than at this time last year, an increase from April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 55 units or 72%. The total number of active inventory this April was 131 compared to 76 in April 2024. This month's total of 131 is higher than the previous month's total supply of available inventory of 120, an increase of 9%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last April, the median sale price for Cleveland Park and Kalorama Homes was $629,000. This April, the median sale price was $1,105,000, an increase of $476,000 compared to last year. The current median sold price is 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. |
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| New Listings 56 |
Current Contracts 31 |
Sold Vs. List Price 97.8% |
Months of Supply 3.5 |
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| Up 22% Vs. Year Ago |
Down -11% Vs. Year Ago |
Down -1% Vs. Year Ago |
Up 26% Vs. Year Ago |
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Months of Supply
In April, there was 3.5 months of supply available in Cleveland Park and Kalorama, compared to 2.8 in April 2024. That is an increase of 26% 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. |
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New Listings & Current Contracts
This month there were 56 homes newly listed for sale in Cleveland Park and Kalorama compared to 46 in April 2024, an increase of 22%. There were 31 current contracts pending sale this April compared to 35 a year ago. The number of current contracts is 11% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Cleveland Park and Kalorama was 97.8% of the average list price, which is 0.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 63, higher than the average last year, which was 39. This increase was impacted by the limited number of sales. | |||
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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. |
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