FOGGY BOTTOM AND WEST END HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in February, with 23 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 February 2024.

Versus last year, the total number of homes available this month is higher by 50 units or 56%. The total number of active inventory this February was 139 compared to 89 in February 2024. This month's total of 139 is lower than the previous month's total supply of available inventory of 143, a decrease of 3%.

Last February, the median sale price for Foggy Bottom and West End Homes was $420,000. This February, the median sale price was approximately the same at $600,000. The current median sold price is 43% higher than in February 2024.

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

In February, there was 6.0 months of supply available in Foggy Bottom and West End, compared to 3.1 in February 2024. That is an increase of 97% 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.

This month there were 33 homes newly listed for sale in Foggy Bottom and West End compared to 43 in February 2024, a decrease of 23%. There were 27 current contracts pending sale this February compared to 23 a year ago. The number of current contracts is 17% higher than last February.

In February, the average sale price in Foggy Bottom and West End was 96.2% of the average list price, which is 1.9% lower than at this time last year.

This month, the average number of days on market was 44, lower than the average last year, which was 56, a decrease of 21%.





FOCUS ON: FOGGY BOTTOM AND WEST END HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20036 and 20037
Units Sold 23	Active Inventory 139	Median Sale Price $600,000	Days On Market 44

Down Vs. Year Ago	Up 56% Vs. Year Ago	Up 43% Vs. Year Ago	Down -21% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in February, with 23 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 February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 50 units or 56%. The total number of active inventory this February was 139 compared to 89 in February 2024. This month's total of 139 is lower than the previous month's total supply of available inventory of 143, a decrease of 3%.
		Median Sale Price Last February, the median sale price for Foggy Bottom and West End Homes was $420,000. This February, the median sale price was approximately the same at $600,000. The current median sold price is 43% higher than in February 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 33	Current Contracts 27	Sold Vs. List Price 96.2%	Months of Supply 6.0

Down -23% Vs. Year Ago	Up 17% Vs. Year Ago	Down -2% Vs. Year Ago	Up 97% Vs. Year Ago


		Months of Supply In February, there was 6.0 months of supply available in Foggy Bottom and West End, compared to 3.1 in February 2024. That is an increase of 97% 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 33 homes newly listed for sale in Foggy Bottom and West End compared to 43 in February 2024, a decrease of 23%. There were 27 current contracts pending sale this February compared to 23 a year ago. The number of current contracts is 17% higher than last February.
		Sale Price to List Price Ratio In February, the average sale price in Foggy Bottom and West End was 96.2% of the average list price, which is 1.9% lower than at this time last year. Days on Market This month, the average number of days on market was 44, lower than the average last year, which was 56, a decrease of 21%.


	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.