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| MAY 2025 | |||
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| Zip Code(s): 20036 and 20037 | |||
| Units Sold 38 |
Active Inventory 184 |
Median Sale Price $477,500 |
Days On Market 53 |
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| Down Vs. Year Ago |
Up 39% Vs. Year Ago |
Up Vs. Year Ago |
Up 47% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in May, with 38 sold this month in Foggy Bottom and West End Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 52 units or 39%. The total number of active inventory this May was 184 compared to 132 in May 2024. This month's total of 184 is lower than the previous month's total supply of available inventory of 187, a decrease of 2%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last May, the median sale price for Foggy Bottom and West End Homes was $380,000. This May, the median sale price was $477,500, an increase of $97,500 compared to last year. The current median sold price is higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 72 |
Current Contracts 42 |
Sold Vs. List Price 97.2% |
Months of Supply 4.8 |
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| Up 31% Vs. Year Ago |
Up 2% Vs. Year Ago |
Down -0.8% Vs. Year Ago |
Up 58% Vs. Year Ago |
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Months of Supply
In May, there was 4.8 months of supply available in Foggy Bottom and West End, compared to 3.1 in May 2024. 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. |
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New Listings & Current Contracts
This month there were 72 homes newly listed for sale in Foggy Bottom and West End compared to 55 in May 2024, an increase of 31%. There were 42 current contracts pending sale this May compared to 41 a year ago. The number of current contracts is 2% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Foggy Bottom and West End was 97.2% of the average list price, which is 0.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 53, higher than the average last year, which was 36, an increase of 47%. | |||
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Foggy Bottom and West End are defined as properties in zip codes 20036/20037. | ||
| *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. | |||
 Information 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. |
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