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| Focus On: Columbia Heights and Mt. Pleasant Housing Market | February 2023 | ||
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| Zip Code(s): 20010 | |||
| Units Sold 14 |
Active Inventory 60 |
Median Sale Price $535,000 |
Days On Market 24 |
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| Down Vs. Year Ago |
Down -2% Vs. Year Ago |
Down Vs. Year Ago |
Up 20% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in February, with 14 sold this month in Columbia Heights and Mt. Pleasant Real Estate. This month's total units sold was lower than at this time last year, a decrease from February 2022. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 1 units or 2%. The total number of active inventory this February was 60 compared to 61 in February 2022. This month's total of 60 is lower than the previous month's total supply of available inventory of 66, a decrease 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 February, the median sale price for Columbia Heights and Mt. Pleasant Homes was $825,000. This February, the median sale price was $535,000, a decrease of $290,000 compared to last year. The current median sold price is lower than in January. 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 20 |
Sold Vs. List Price 101.6% |
Months of Supply 4.3 |
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| Down -17% Vs. Year Ago |
Down -59% Vs. Year Ago |
Up 0.8% Vs. Year Ago |
Up 175% Vs. Year Ago |
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Months of Supply
In February, there was 4.3 months of supply available in Columbia Heights and Mt. Pleasant, compared to 1.6 in February 2022. That is an increase of 174% 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 Columbia Heights and Mt. Pleasant compared to 46 in February 2022, a decrease of 17%. There were 20 current contracts pending sale this February compared to 49 a year ago. The number of current contracts is 59% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Columbia Heights and Mt. Pleasant was 101.6% of the average list price, which is 0.8% higher than at this time last year. Days on Market
This month, the average number of days on market was 24, higher than the average last year, which was 20, an increase of 20%. | |||
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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. | |||
 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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