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| SEPTEMBER 2025 | |||
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| Zip Code(s): 20008 | |||
| Units Sold 21 |
Active Inventory 112 |
Median Sale Price $800,000 |
Days On Market 47 |
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| Down -9% Vs. Year Ago |
Up 35% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in September, with 21 sold this month in Cleveland Park and Kalorama Real Estate versus 28 last month, a decrease of 25%. This month's total units sold was lower than at this time last year, a decrease of 9% versus September 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 29 units or 35%. The total number of active inventory this September was 112 compared to 83 in September 2024. This month's total of 112 is higher than the previous month's total supply of available inventory of 110, an increase of 2%. |
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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 September, the median sale price for Cleveland Park and Kalorama Homes was $550,000. This September, the median sale price was $800,000, an increase of $250,000 compared to last year. The current median sold price is higher than in August. 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 43 |
Current Contracts 28 |
Sold Vs. List Price 98.5% |
Months of Supply 5.3 |
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| Up 16% Vs. Year Ago |
No Change Vs. Year Ago |
Down -1.9% Vs. Year Ago |
Up 48% Vs. Year Ago |
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Months of Supply
In September, there was 5.3 months of supply available in Cleveland Park and Kalorama, compared to 3.6 in September 2024. That is an increase of 48% 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 43 homes newly listed for sale in Cleveland Park and Kalorama compared to 37 in September 2024, an increase of 16%. There were 28 current contracts pending sale this September, consistent with the volume a year ago. The number of current contracts is 65% higher than last month. |
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Sale Price to List Price Ratio
In September, the average sale price in Cleveland Park and Kalorama was 98.5% 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 47, higher than the average last year, which was 29. 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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