GEORGETOWN HOUSING MARKET DATA

There was a decrease in total units sold in May, with 45 sold this month in Georgetown Real Estate versus 58 last month, a decrease of 22%. This month's total units sold was lower than at this time last year, a decrease of 21% versus May 2024.

Versus last year, the total number of homes available this month is higher by 17 units or 13%. The total number of active inventory this May was 144 compared to 127 in May 2024. This month's total of 144 is lower than the previous month's total supply of available inventory of 153, a decrease of 6%.

Last May, the median sale price for Georgetown Homes was $1,320,000. This May, the median sale price was $1,500,000, an increase of 14% or $180,000 compared to last year. The current median sold price is 19% 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.

In May, there was 3.2 months of supply available in Georgetown, compared to 2.2 in May 2024. That is an increase of 44% 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 54 homes newly listed for sale in Georgetown compared to 75 in May 2024, a decrease of 28%. There were 42 current contracts pending sale this May compared to 44 a year ago. The number of current contracts is 5% lower than last May.

In May, the average sale price in Georgetown was 98.8% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 24, lower than the average last year, which was 25, a decrease of 4%.





FOCUS ON: GEORGETOWN HOUSING MARKET			MAY 2025

Zip Code(s): 20007
Units Sold 45	Active Inventory 144	Median Sale Price $1,500,000	Days On Market 24

Down -21% Vs. Year Ago	Up 13% Vs. Year Ago	Up 14% Vs. Year Ago	Down -4% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 45 sold this month in Georgetown Real Estate versus 58 last month, a decrease of 22%. This month's total units sold was lower than at this time last year, a decrease of 21% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 17 units or 13%. The total number of active inventory this May was 144 compared to 127 in May 2024. This month's total of 144 is lower than the previous month's total supply of available inventory of 153, a decrease of 6%.
		Median Sale Price Last May, the median sale price for Georgetown Homes was $1,320,000. This May, the median sale price was $1,500,000, an increase of 14% or $180,000 compared to last year. The current median sold price is 19% 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.



New Listings 54	Current Contracts 42	Sold Vs. List Price 98.8%	Months of Supply 3.2

Down -28% Vs. Year Ago	Down -5% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 43% Vs. Year Ago


		Months of Supply In May, there was 3.2 months of supply available in Georgetown, compared to 2.2 in May 2024. That is an increase of 44% 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 54 homes newly listed for sale in Georgetown compared to 75 in May 2024, a decrease of 28%. There were 42 current contracts pending sale this May compared to 44 a year ago. The number of current contracts is 5% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Georgetown was 98.8% 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 24, lower than the average last year, which was 25, a decrease of 4%.


	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.