PETWORTH HOUSING MARKET DATA

There was an increase in total units sold in February, with 49 sold this month in Petworth Real Estate versus 41 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 23% versus February 2024.

Versus last year, the total number of homes available this month is higher by 15 units or 7%. The total number of active inventory this February was 245 compared to 230 in February 2024. This month's total of 245 is lower than the previous month's total supply of available inventory of 256, a decrease of 4%.

Last February, the median sale price for Petworth Homes was $637,500. This February, the median sale price was $650,000, an increase of 2% or $12,500 compared to last year. The current median sold price is 8% higher than in January.

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

In February, there was 5.0 months of supply available in Petworth, compared to 5.8 in February 2024. That is a decrease of 13% 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.

This month there were 77 homes newly listed for sale in Petworth compared to 106 in February 2024, a decrease of 27%. There were 40 current contracts pending sale this February compared to 49 a year ago. The number of current contracts is 18% lower than last February.

In February, the average sale price in Petworth was 98.3% of the average list price, which is 1.6% higher than at this time last year.

This month, the average number of days on market was 62, higher than the average last year, which was 37, an increase of 68%.





FOCUS ON: PETWORTH HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20011
Units Sold 49	Active Inventory 245	Median Sale Price $650,000	Days On Market 62

Up 23% Vs. Year Ago	Up 7% Vs. Year Ago	Up 2% Vs. Year Ago	Up 68% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 49 sold this month in Petworth Real Estate versus 41 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 23% versus February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 15 units or 7%. The total number of active inventory this February was 245 compared to 230 in February 2024. This month's total of 245 is lower than the previous month's total supply of available inventory of 256, a decrease of 4%.
		Median Sale Price Last February, the median sale price for Petworth Homes was $637,500. This February, the median sale price was $650,000, an increase of 2% or $12,500 compared to last year. The current median sold price is 8% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 77	Current Contracts 40	Sold Vs. List Price 98.3%	Months of Supply 5.0

Down -27% Vs. Year Ago	Down -18% Vs. Year Ago	Up 1.7% Vs. Year Ago	Down -13% Vs. Year Ago


		Months of Supply In February, there was 5.0 months of supply available in Petworth, compared to 5.8 in February 2024. That is a decrease of 13% 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 77 homes newly listed for sale in Petworth compared to 106 in February 2024, a decrease of 27%. There were 40 current contracts pending sale this February compared to 49 a year ago. The number of current contracts is 18% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Petworth was 98.3% of the average list price, which is 1.6% higher than at this time last year. Days on Market This month, the average number of days on market was 62, higher than the average last year, which was 37, an increase of 68%.


	Petworth are defined as properties listed in zip code/s 20011.
	*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.