The Long & Foster Market Minute

Focus On: Logan Circle and Dupont Housing Market September 2019

Zip Code(s): 20005 and 20036
Units Sold
28
Active Inventory
63
Median Sale Price
$499,450
Days On Market
31
Down
Vs. Year Ago
Down -46%
Vs. Year Ago
Up 16%
Vs. Year Ago
No Change
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in September, with 28 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 September 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 53 units or 46%. The total number of active inventory this September was 63 compared to 116 in September 2018. This month's total of 63 is lower than the previous month's total supply of available inventory of 73, a decrease of 14%.

Median Sale Price
Last September, the median sale price for Logan Circle and Dupont Homes was $431,250. This September, the median sale price was $499,450, an increase of 16% or $68,200 compared to last year. The current median sold price is 2% higher than in August.

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
31
Sold Vs. List Price
94.5%
Months of Supply
2.3
Down -35%
Vs. Year Ago
No Change
Vs. Year Ago
Down -4.5%
Vs. Year Ago
Down -42%
Vs. Year Ago

Months of Supply
In September, there was 2.3 months of supply available in Logan Circle and Dupont, compared to 3.9 in September 2018. That is a decrease of 42% 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 86 in September 2018, a decrease of 35%. There were 31 current contracts pending sale this September, consistent with the volume a year ago. The number of current contracts is 6% lower than last month.

Sale Price to List Price Ratio
In September, the average sale price in Logan Circle and Dupont was 94.5% of the average list price, which is 4.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 31, which is similar compared to a year ago.

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.