The Long & Foster Market Minute

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

Zip Code(s): 20010
Units Sold
34
Active Inventory
67
Median Sale Price
$645,500
Days On Market
30
Up 10%
Vs. Year Ago
Up 31%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -6%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 34 sold this month in Columbia Heights and Mt. Pleasant Real Estate versus 33 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 10% versus March 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 16 units or 31%. The total number of active inventory this March was 67 compared to 51 in March 2018. This month's total of 67 is lower than the previous month's total supply of available inventory of 83, a decrease of 19%.

Median Sale Price
Last March, the median sale price for Columbia Heights and Mt. Pleasant Homes was $652,000. This March, the median sale price was $645,500, a decrease of 1% or $6,500 compared to last year. The current median sold price is 5% lower than in February.

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


New Listings
59
Current Contracts
49
Sold Vs. List Price
100.1%
Months of Supply
2.0
Up 2%
Vs. Year Ago
Up 20%
Vs. Year Ago
Up 0.6%
Vs. Year Ago
Up 19%
Vs. Year Ago

Months of Supply
In March, there was 2.0 months of supply available in Columbia Heights and Mt. Pleasant, compared to 1.6 in March 2018. That is an increase of 20% 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 59 homes newly listed for sale in Columbia Heights and Mt. Pleasant compared to 58 in March 2018, an increase of 2%. There were 49 current contracts pending sale this March compared to 41 a year ago. The number of current contracts is 20% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Columbia Heights and Mt. Pleasant was 100.1% of the average list price, which is 0.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 30, lower than the average last year, which was 32, a decrease of 6%.

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.