The Long & Foster Market Minute

Focus On: Logan Circle and Dupont Housing Market October 2018

Zip Code(s): 20005 and 20036
Units Sold
41
Active Inventory
111
Median Sale Price
$460,000
Days On Market
34
Up
Vs. Year Ago
Up 29%
Vs. Year Ago
Up 22%
Vs. Year Ago
Up 31%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 41 sold this month in Logan Circle and Dupont Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 25 units or 29%. The total number of active inventory this October was 111 compared to 86 in October 2017. This month's total of 111 is lower than the previous month's total supply of available inventory of 114, a decrease of 3%.

Median Sale Price
Last October, the median sale price for Logan Circle and Dupont Homes was $376,500. This October, the median sale price was $460,000, an increase of 22% or $83,500 compared to last year. The current median sold price is 7% higher than in September.

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


New Listings
57
Current Contracts
37
Sold Vs. List Price
100.3%
Months of Supply
2.7
Down -12%
Vs. Year Ago
Up 32%
Vs. Year Ago
No Change
Vs. Year Ago
Down -12%
Vs. Year Ago

Months of Supply
In October, there was 2.7 months of supply available in Logan Circle and Dupont, compared to 3.1 in October 2017. That is a decrease of 12% 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 57 homes newly listed for sale in Logan Circle and Dupont compared to 65 in October 2017, a decrease of 12%. There were 37 current contracts pending sale this October compared to 28 a year ago. The number of current contracts is 32% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Logan Circle and Dupont was 100.3% 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 34, higher than the average last year, which was 26, an increase of 31%.

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.