LOGAN CIRCLE AND DUPONT HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in July, with 27 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 July 2023.

Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this July was 69 compared to 68 in July 2023. This month's total of 69 is lower than the previous month's total supply of available inventory of 71, a decrease of 3%.

Last July, the median sale price for Logan Circle and Dupont Homes was $456,950. This July, the median sale price was $490,000, an increase of 7% or $33,050 compared to last year. The current median sold price is 24% higher than in June.

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

In July, there was 2.6 months of supply available in Logan Circle and Dupont, compared to 4.3 in July 2023. That is a decrease of 40% 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 Logan Circle and Dupont compared to 38 in July 2023, a decrease of 13%. There were 21 current contracts pending sale this July compared to 22 a year ago. The number of current contracts is 5% lower than last July.

In July, the average sale price in Logan Circle and Dupont was 98.1% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 37, higher than the average last year, which was 27, an increase of 37%.





FOCUS ON: LOGAN CIRCLE AND DUPONT HOUSING MARKET			JULY 2024

Zip Code(s): 20005 and 20036
Units Sold 27	Active Inventory 69	Median Sale Price $490,000	Days On Market 37

Up Vs. Year Ago	Up 1% Vs. Year Ago	Up 7% Vs. Year Ago	Up 37% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in July, with 27 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 July 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this July was 69 compared to 68 in July 2023. This month's total of 69 is lower than the previous month's total supply of available inventory of 71, a decrease of 3%.
		Median Sale Price Last July, the median sale price for Logan Circle and Dupont Homes was $456,950. This July, the median sale price was $490,000, an increase of 7% or $33,050 compared to last year. The current median sold price is 24% higher than in June. 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 21	Sold Vs. List Price 98.1%	Months of Supply 2.6

Down -13% Vs. Year Ago	Down -5% Vs. Year Ago	No Change Vs. Year Ago	Down -40% Vs. Year Ago


		Months of Supply In July, there was 2.6 months of supply available in Logan Circle and Dupont, compared to 4.3 in July 2023. That is a decrease of 40% 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 Logan Circle and Dupont compared to 38 in July 2023, a decrease of 13%. There were 21 current contracts pending sale this July compared to 22 a year ago. The number of current contracts is 5% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Logan Circle and Dupont was 98.1% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 37, higher than the average last year, which was 27, an increase of 37%.


	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.
	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.