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| JUNE 2025 | |||
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| Zip Code(s): 20008 | |||
| Units Sold 36 |
Active Inventory 116 |
Median Sale Price $710,000 |
Days On Market 34 |
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| Up Vs. Year Ago |
Up 21% Vs. Year Ago |
Down Vs. Year Ago |
Up 36% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in June, with 36 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 June 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 20 units or 21%. The total number of active inventory this June was 116 compared to 96 in June 2024. This month's total of 116 is lower than the previous month's total supply of available inventory of 152, a decrease of 24%. |
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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 June, the median sale price for Cleveland Park and Kalorama Homes was $1,300,000. This June, the median sale price was $710,000, a decrease of $590,000 compared to last year. The current median sold price is lower than in May. 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 38 |
Current Contracts 47 |
Sold Vs. List Price 97.4% |
Months of Supply 3.2 |
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| Down -12% Vs. Year Ago |
Up 62% Vs. Year Ago |
Down -2.9% Vs. Year Ago |
Down -16% Vs. Year Ago |
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Months of Supply
In June, there was 3.2 months of supply available in Cleveland Park and Kalorama, compared to 3.8 in June 2024. That is a decrease of 16% 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 38 homes newly listed for sale in Cleveland Park and Kalorama compared to 43 in June 2024, a decrease of 12%. There were 47 current contracts pending sale this June compared to 29 a year ago. The number of current contracts is 62% higher than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Cleveland Park and Kalorama was 97.4% of the average list price, which is 2.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 34, higher than the average last year, which was 25, an increase of 36%. | |||
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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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