The Long & Foster Market Minute

Focus On: Deanwood and Marshall Heights Housing Market January 2019

Zip Code(s): 20019
Units Sold
23
Active Inventory
87
Median Sale Price
$295,000
Days On Market
44
Down
Vs. Year Ago
Down -23%
Vs. Year Ago
No Change
Vs. Year Ago
Down -36%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in January, with 23 sold this month in Deanwood and Marshall Heights Real Estate. This month's total units sold was lower than at this time last year, a decrease from January 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 26 units or 23%. The total number of active inventory this January was 87 compared to 113 in January 2018. This month's total of 87 is lower than the previous month's total supply of available inventory of 120, a decrease of 28%.

Median Sale Price
Last January, the median sale price for Deanwood and Marshall Heights Homes was $294,500. This January, the median sale price was $295,000, which is similar compared to a year ago. The current median sold price is 12% higher than in December.

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
53
Sold Vs. List Price
100.1%
Months of Supply
3.8
Down -6%
Vs. Year Ago
Down -10%
Vs. Year Ago
No Change
Vs. Year Ago
Up 67%
Vs. Year Ago

Months of Supply
In January, there was 3.8 months of supply available in Deanwood and Marshall Heights, compared to 2.3 in January 2018. That is an increase of 67% 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 Deanwood and Marshall Heights compared to 63 in January 2018, a decrease of 6%. There were 53 current contracts pending sale this January compared to 59 a year ago. The number of current contracts is 10% lower than last January.

Sale Price to List Price Ratio
In January, the average sale price in Deanwood and Marshall Heights was 100.1% 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 44, lower than the average last year, which was 69, a decrease of 36%.

The Long & Foster Market Minute Deanwood and Marshall Heights are defined as properties listed in zip code/s 20019.
*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.