The Long & Foster Market Minute

Focus On: Logan Circle and Dupont Housing Market March 2019

Zip Code(s): 20005 and 20036
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -10%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 23%
Vs. Year Ago
Up 3%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 26 sold this month in Logan Circle and Dupont Real Estate versus 23 last month, an increase of 13%. This month's total units sold was lower than at this time last year, a decrease of 10% versus March 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 March was 70 compared to 66 in March 2018. This month's total of 70 is lower than the previous month's total supply of available inventory of 75, a decrease of 7%.

Median Sale Price
Last March, the median sale price for Logan Circle and Dupont Homes was $420,000. This March, the median sale price was $517,500, an increase of 23% or $97,500 compared to last year. The current median sold price is 13% higher than in February.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -2%
Vs. Year Ago
Up 35%
Vs. Year Ago
Up 1.1%
Vs. Year Ago
Up 18%
Vs. Year Ago

Months of Supply
In March, there was 2.7 months of supply available in Logan Circle and Dupont, compared to 2.3 in March 2018. That is an increase of 18% 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 61 homes newly listed for sale in Logan Circle and Dupont compared to 62 in March 2018, a decrease of 2%. There were 42 current contracts pending sale this March compared to 31 a year ago. The number of current contracts is 35% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Logan Circle and Dupont was 99.4% of the average list price, which is 1.1% higher than at this time last year.

Days on Market
This month, the average number of days on market was 39, higher than the average last year, which was 38, an increase of 3%.

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.