The Long & Foster Market Minute

Focus On: Logan Circle and Dupont Housing Market May 2020

Zip Code(s): 20005 and 20036
Units Sold
16
Active Inventory
44
Median Sale Price
$502,500
Days On Market
19
Down
Vs. Year Ago
Down -49%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -5%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in May, with 16 sold this month in Logan Circle and Dupont Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 42 units or 49%. The total number of active inventory this May was 44 compared to 86 in May 2019. This month's total of 44 is higher than the previous month's total supply of available inventory of 41, an increase of 7%.

Median Sale Price
Last May, the median sale price for Logan Circle and Dupont Homes was $485,000. This May, the median sale price was approximately the same at $502,500. The current median sold price is 4% higher than in May 2019.

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


New Listings
36
Current Contracts
23
Sold Vs. List Price
97.9%
Months of Supply
2.8
Down -37%
Vs. Year Ago
Down -30%
Vs. Year Ago
Down -2.2%
Vs. Year Ago
Up 19%
Vs. Year Ago

Months of Supply
In May, there was 2.8 months of supply available in Logan Circle and Dupont, compared to 2.3 in May 2019. 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 36 homes newly listed for sale in Logan Circle and Dupont compared to 57 in May 2019, a decrease of 37%. There were 23 current contracts pending sale this May compared to 33 a year ago. The number of current contracts is 30% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Logan Circle and Dupont was 97.9% of the average list price, which is 2.3% lower than at this time last year.

Days on Market
This month, the average number of days on market was 19, lower than the average last year, which was 20, a decrease of 5%.

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.