The Long & Foster Market Minute

Focus On: Logan Circle and Dupont Housing Market April 2019

Zip Code(s): 20005 and 20036
Units Sold
36
Active Inventory
71
Median Sale Price
$464,950
Days On Market
23
Down -8%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -20%
Vs. Year Ago
Up 35%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 36 sold this month in Logan Circle and Dupont Real Estate versus 28 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 8% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 4 units or 6%. The total number of active inventory this April was 71 compared to 67 in April 2018. This month's total of 71 is lower than the previous month's total supply of available inventory of 79, a decrease of 10%.

Median Sale Price
Last April, the median sale price for Logan Circle and Dupont Homes was $580,000. This April, the median sale price was $464,950, a decrease of 20% or $115,050 compared to last year. The current median sold price is 10% lower than in March.

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


New Listings
56
Current Contracts
38
Sold Vs. List Price
98.6%
Months of Supply
2.0
Down -24%
Vs. Year Ago
Down -30%
Vs. Year Ago
No Change
Vs. Year Ago
Up 15%
Vs. Year Ago

Months of Supply
In April, there was 2.0 months of supply available in Logan Circle and Dupont, compared to 1.7 in April 2018. That is an increase of 15% 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 56 homes newly listed for sale in Logan Circle and Dupont compared to 74 in April 2018, a decrease of 24%. There were 38 current contracts pending sale this April compared to 54 a year ago. The number of current contracts is 30% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Logan Circle and Dupont was 98.6% 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 23, higher than the average last year, which was 17, an increase of 35%.

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 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.