The Long & Foster Market Minute

Focus On: Deanwood and Marshall Heights Housing Market October 2018

Zip Code(s): 20019
Units Sold
40
Active Inventory
105
Median Sale Price
$326,000
Days On Market
33
Down -22%
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -63%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 40 sold this month in Deanwood and Marshall Heights Real Estate versus 42 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 22% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 39 units or 27%. The total number of active inventory this October was 105 compared to 144 in October 2017. This month's total of 105 is higher than the previous month's total supply of available inventory of 93, an increase of 13%.

Median Sale Price
Last October, the median sale price for Deanwood and Marshall Heights Homes was $290,809. This October, the median sale price was $326,000, an increase of 12% or $35,191 compared to last year. The current median sold price is 6% lower than in September.

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


New Listings
79
Current Contracts
45
Sold Vs. List Price
99.2%
Months of Supply
2.6
Down -2%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Down -7%
Vs. Year Ago

Months of Supply
In October, there was 2.6 months of supply available in Deanwood and Marshall Heights, compared to 2.8 in October 2017. That is a decrease of 7% 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 79 homes newly listed for sale in Deanwood and Marshall Heights compared to 81 in October 2017, a decrease of 2%. There were 45 current contracts pending sale this October compared to 51 a year ago. The number of current contracts is 12% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Deanwood and Marshall Heights was 99.2% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 33, lower than the average last year, which was 90, a decrease of 63%.

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.