 |
|||
 |
|||
| | |||
| Focus On: Logan Circle and Dupont Housing Market | July 2019 | ||
| | |||
| Zip Code(s): 20005 and 20036 | |||
| Units Sold 29 |
Active Inventory 71 |
Median Sale Price $575,000 |
Days On Market 23 |
|
|
|
|
|
| Down -22% Vs. Year Ago |
Down -23% Vs. Year Ago |
Up Vs. Year Ago |
Down -4% Vs. Year Ago |
| | |||
Units Sold
There was a decrease in total units sold in July, with 29 sold this month in Logan Circle and Dupont Real Estate versus 35 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 22% versus July 2018. |
|||
Active Inventory
Versus last year, the total number of homes available this month is lower by 21 units or 23%. The total number of active inventory this July was 71 compared to 92 in July 2018. This month's total of 71 is lower than the previous month's total supply of available inventory of 91, a decrease of 22%. |
|||
Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last July, the median sale price for Logan Circle and Dupont Homes was $397,500. This July, the median sale price was $575,000, an increase of $177,500 compared to last year. The current median sold price is higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 47 |
Current Contracts 38 |
Sold Vs. List Price 97.8% |
Months of Supply 2.4 |
|
|
|
|
|
| Down -23% Vs. Year Ago |
Down -30% Vs. Year Ago |
Down -2.9% Vs. Year Ago |
No Change Vs. Year Ago |
| | |||
Months of Supply
In July, there was 2.4 months of supply available in Logan Circle and Dupont. The amount of supply is similar compared to 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 47 homes newly listed for sale in Logan Circle and Dupont compared to 61 in July 2018, a decrease of 23%. There were 38 current contracts pending sale this July compared to 54 a year ago. The number of current contracts is 30% lower than last July. |
|||
Sale Price to List Price Ratio
In July, the average sale price in Logan Circle and Dupont was 97.8% of the average list price, which is 2.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 23, lower than the average last year, which was 24, a decrease of 4%. | |||
 |
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. | |||
 Information 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. |
|||