The Long & Foster Market Minute

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

Zip Code(s): 20010
Units Sold
41
Active Inventory
75
Median Sale Price
$700,000
Days On Market
44
Down -7%
Vs. Year Ago
Up 47%
Vs. Year Ago
Up 9%
Vs. Year Ago
Up 144%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 41 sold this month in Columbia Heights and Mt. Pleasant Real Estate versus 35 last month, an increase of 17%. This month's total units sold was lower than at this time last year, a decrease of 7% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 24 units or 47%. The total number of active inventory this April was 75 compared to 51 in April 2018. This month's total of 75 is lower than the previous month's total supply of available inventory of 81, a decrease of 7%.

Median Sale Price
Last April, the median sale price for Columbia Heights and Mt. Pleasant Homes was $641,500. This April, the median sale price was $700,000, an increase of 9% or $58,500 compared to last year. The current median sold price is 8% higher than in March.

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


New Listings
81
Current Contracts
56
Sold Vs. List Price
99.9%
Months of Supply
1.8
Up 29%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 58%
Vs. Year Ago

Months of Supply
In April, there was 1.8 months of supply available in Columbia Heights and Mt. Pleasant, compared to 1.2 in April 2018. That is an increase of 58% 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 81 homes newly listed for sale in Columbia Heights and Mt. Pleasant compared to 63 in April 2018, an increase of 29%. There were 56 current contracts pending sale this April compared to 53 a year ago. The number of current contracts is 6% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Columbia Heights and Mt. Pleasant was 99.9% of the average list price, which is 2.0% lower than at this time last year.

Days on Market
This month, the average number of days on market was 44, higher than the average last year, which was 18, an increase of 144%.

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.