SHEPHERD PARK AND PETWORTH HOUSING MARKET DATA

There was an increase in total units sold in February, with 58 sold this month in Shepherd Park and Petworth Real Estate versus 55 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 12% versus February 2024.

The total number of homes available this month is 278 units, which is similar compared to a year ago. This month's total of 278 is lower than the previous month's total supply of available inventory of 297, a decrease of 6%.

Last February, the median sale price for Shepherd Park and Petworth Homes was $670,500. This February, the median sale price was $674,500, an increase of 1% or $4,000 compared to last year. The current median sold price is 10% 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 4.8 months of supply available in Shepherd Park and Petworth, compared to 5.3 in February 2024. That is a decrease of 10% 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 90 homes newly listed for sale in Shepherd Park and Petworth compared to 119 in February 2024, a decrease of 24%. There were 46 current contracts pending sale this February compared to 59 a year ago. The number of current contracts is 22% lower than last February.

In February, the average sale price in Shepherd Park and Petworth was 98.7% of the average list price, which is 1.1% higher than at this time last year.

This month, the average number of days on market was 61, higher than the average last year, which was 39, an increase of 56%.





FOCUS ON: SHEPHERD PARK AND PETWORTH HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20011 and 20012
Units Sold 58	Active Inventory 278	Median Sale Price $674,500	Days On Market 61

Up 12% Vs. Year Ago	No Change Vs. Year Ago	Up 1% Vs. Year Ago	Up 56% Vs. Year Ago


		Units Sold There was an increase in total units sold in February, with 58 sold this month in Shepherd Park and Petworth Real Estate versus 55 last month, an increase of 5%. This month's total units sold was higher than at this time last year, an increase of 12% versus February 2024.
Active Inventory The total number of homes available this month is 278 units, which is similar compared to a year ago. This month's total of 278 is lower than the previous month's total supply of available inventory of 297, a decrease of 6%.
		Median Sale Price Last February, the median sale price for Shepherd Park and Petworth Homes was $670,500. This February, the median sale price was $674,500, an increase of 1% or $4,000 compared to last year. The current median sold price is 10% 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 90	Current Contracts 46	Sold Vs. List Price 98.7%	Months of Supply 4.8

Down -24% Vs. Year Ago	Down -22% Vs. Year Ago	Up 1.2% Vs. Year Ago	Down -10% Vs. Year Ago


		Months of Supply In February, there was 4.8 months of supply available in Shepherd Park and Petworth, compared to 5.3 in February 2024. That is a decrease of 10% 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 90 homes newly listed for sale in Shepherd Park and Petworth compared to 119 in February 2024, a decrease of 24%. There were 46 current contracts pending sale this February compared to 59 a year ago. The number of current contracts is 22% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in Shepherd Park and Petworth was 98.7% 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 61, higher than the average last year, which was 39, an increase of 56%.


	Shepherd Park and Petworth are defined by properties in zip codes 20011/20012 and includes but is not limited to these neighborhoods: Shepherd Park, Colonial Village, Crestwood, and Petworth.
	*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.