The Long & Foster Market Minute

Focus On: Deanwood and Marshall Heights Housing Market September 2018

Zip Code(s): 20019
Units Sold
42
Active Inventory
79
Median Sale Price
$335,666
Days On Market
31
Down -16%
Vs. Year Ago
Down -48%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 29%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 42 sold this month in Deanwood and Marshall Heights Real Estate versus 64 last month, a decrease of 34%. This month's total units sold was lower than at this time last year, a decrease of 16% versus September 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 72 units or 48%. The total number of active inventory this September was 79 compared to 151 in September 2017. This month's total of 79 is lower than the previous month's total supply of available inventory of 86, a decrease of 8%.

Median Sale Price
Last September, the median sale price for Deanwood and Marshall Heights Homes was $322,000. This September, the median sale price was $335,666, an increase of 4% or $13,666 compared to last year. The current median sold price is 3% lower 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
65
Current Contracts
46
Sold Vs. List Price
100.4%
Months of Supply
1.9
Down -12%
Vs. Year Ago
Down -15%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -38%
Vs. Year Ago

Months of Supply
In September, there was 1.9 months of supply available in Deanwood and Marshall Heights, compared to 3.0 in September 2017. That is a decrease of 38% 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 65 homes newly listed for sale in Deanwood and Marshall Heights compared to 74 in September 2017, a decrease of 12%. There were 46 current contracts pending sale this September compared to 54 a year ago. The number of current contracts is 15% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Deanwood and Marshall Heights was 100.4% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 31, higher than the average last year, which was 24, an increase of 29%.

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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.