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| FEBRUARY 2025 | |||
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| Zip Code(s): 20007 | |||
| Units Sold 30 |
Active Inventory 130 |
Median Sale Price $1,207,500 |
Days On Market 39 |
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| Up 3% Vs. Year Ago |
Up 15% Vs. Year Ago |
Up 9% Vs. Year Ago |
Up 39% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 30 sold this month in Georgetown Real Estate versus 25 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 3% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 17 units or 15%. The total number of active inventory this February was 130 compared to 113 in February 2024. This month's total of 130 is higher than the previous month's total supply of available inventory of 129, an increase of 1%. |
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Median Sale Price
Last February, the median sale price for Georgetown Homes was $1,110,000. This February, the median sale price was $1,207,500, an increase of 9% or $97,500 compared to last year. The current median sold price is 3% lower than in January. 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 40 |
Current Contracts 27 |
Sold Vs. List Price 97.7% |
Months of Supply 4.3 |
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| Down -44% Vs. Year Ago |
Down -36% Vs. Year Ago |
Up 0.5% Vs. Year Ago |
Up 11% Vs. Year Ago |
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Months of Supply
In February, there was 4.3 months of supply available in Georgetown, compared to 3.9 in February 2024. That is an increase of 11% 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 40 homes newly listed for sale in Georgetown compared to 71 in February 2024, a decrease of 44%. There were 27 current contracts pending sale this February compared to 42 a year ago. The number of current contracts is 36% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Georgetown was 97.7% of the average list price, which is 0.5% higher than at this time last year. Days on Market
This month, the average number of days on market was 39, higher than the average last year, which was 28, an increase of 39%. | |||
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Georgetown is defined as properties in zip code 20007. | ||
| *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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