The Long & Foster Market Minute

Focus On: Columbia Heights and Mt. Pleasant Housing Market October 2021

Zip Code(s): 20010
Units Sold
44
Active Inventory
110
Median Sale Price
$729,338
Days On Market
20
Down -17%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up 5%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 44 sold this month in Columbia Heights and Mt. Pleasant Real Estate versus 42 last month, an increase of 5%. This month's total units sold was lower than at this time last year, a decrease of 17% versus October 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 10 units or 10%. The total number of active inventory this October was 110 compared to 100 in October 2020. This month's total of 110 is higher than the previous month's total supply of available inventory of 109, an increase of 1%.

Median Sale Price
Last October, the median sale price for Columbia Heights and Mt. Pleasant Homes was $760,000. This October, the median sale price was $729,338, a decrease of 4% or $30,662 compared to last year. The current median sold price is 11% higher than in September.

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


New Listings
86
Current Contracts
51
Sold Vs. List Price
101.5%
Months of Supply
2.5
Down -17%
Vs. Year Ago
Down -20%
Vs. Year Ago
No Change
Vs. Year Ago
Up 32%
Vs. Year Ago

Months of Supply
In October, there was 2.5 months of supply available in Columbia Heights and Mt. Pleasant, compared to 1.9 in October 2020. That is an increase of 32% 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 86 homes newly listed for sale in Columbia Heights and Mt. Pleasant compared to 103 in October 2020, a decrease of 17%. There were 51 current contracts pending sale this October compared to 64 a year ago. The number of current contracts is 20% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Columbia Heights and Mt. Pleasant was 101.5% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 20, higher than the average last year, which was 19, an increase of 5%.

The Long & Foster Market Minute Columbia Heights and Mt. Pleasant are defined as properties in zip code 20010.
*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.