The Long & Foster Market Minute

Focus On: Columbia Heights and Mt. Pleasant Housing Market September 2019

Zip Code(s): 20010
Units Sold
32
Active Inventory
87
Median Sale Price
$700,000
Days On Market
38
Up 33%
Vs. Year Ago
Up 9%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -16%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 32 sold this month in Columbia Heights and Mt. Pleasant Real Estate versus 41 last month, a decrease of 22%. This month's total units sold was higher than at this time last year, an increase of 33% versus September 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 7 units or 9%. The total number of active inventory this September was 87 compared to 80 in September 2018. This month's total of 87 is higher than the previous month's total supply of available inventory of 84, an increase of 4%.

Median Sale Price
Last September, the median sale price for Columbia Heights and Mt. Pleasant Homes was $740,000. This September, the median sale price was $700,000, a decrease of 5% or $40,000 compared to last year. The current median sold price is 13% 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.


New Listings
79
Current Contracts
32
Sold Vs. List Price
98.6%
Months of Supply
2.7
No Change
Vs. Year Ago
Down -14%
Vs. Year Ago
Down -2.9%
Vs. Year Ago
Down -18%
Vs. Year Ago

Months of Supply
In September, there was 2.7 months of supply available in Columbia Heights and Mt. Pleasant, compared to 3.3 in September 2018. That is a decrease of 18% 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 79 homes newly listed for sale in Columbia Heights and Mt. Pleasant, which is similar to the amount in September 2018. There were 32 current contracts pending sale this September compared to 37 a year ago. The number of current contracts is 14% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Columbia Heights and Mt. Pleasant was 98.6% 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 38, lower than the average last year, which was 45, a decrease of 16%.

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.