The Long & Foster Market Minute

Focus On: Logan Circle and Dupont Housing Market September 2018

Zip Code(s): 20005 and 20036
Units Sold
29
Active Inventory
115
Median Sale Price
$445,000
Days On Market
29
Up
Vs. Year Ago
Up 69%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 32%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in September, with 29 sold this month in Logan Circle and Dupont Real Estate. This month's total units sold was higher than at this time last year, an increase from September 2017.

Active Inventory
Versus last year, the total number of homes available this month is higher by 47 units or 69%. The total number of active inventory this September was 115 compared to 68 in September 2017. This month's total of 115 is higher than the previous month's total supply of available inventory of 83, an increase of 39%.

Median Sale Price
Last September, the median sale price for Logan Circle and Dupont Homes was $397,500. This September, the median sale price was $445,000, an increase of 12% or $47,500 compared to last year. The current median sold price is 15% lower than in August.

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


New Listings
90
Current Contracts
32
Sold Vs. List Price
99.0%
Months of Supply
4.0
Up 27%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -1.5%
Vs. Year Ago
Up 63%
Vs. Year Ago

Months of Supply
In September, there was 4.0 months of supply available in Logan Circle and Dupont, compared to 2.4 in September 2017. That is an increase of 63% 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 90 homes newly listed for sale in Logan Circle and Dupont compared to 71 in September 2017, an increase of 27%. There were 32 current contracts pending sale this September compared to 30 a year ago. The number of current contracts is 7% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Logan Circle and Dupont was 99.0% of the average list price, which is 1.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 29, higher than the average last year, which was 22, an increase of 32%.

The Long & Foster Market Minute Logan Circle and Dupont are defined as properties in zip codes 20005 and 20036.
*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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.