SHEPHERD PARK AND PETWORTH HOUSING MARKET DATA

There was an increase in total units sold in October, with 54 sold this month in Shepherd Park and Petworth Real Estate versus 49 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 4% versus October 2023.

Versus last year, the total number of homes available this month is higher by 84 units or 31%. The total number of active inventory this October was 357 compared to 273 in October 2023. This month's total of 357 is lower than the previous month's total supply of available inventory of 399, a decrease of 11%.

Last October, the median sale price for Shepherd Park and Petworth Homes was $717,500. This October, the median sale price was $737,500, an increase of 3% or $20,000 compared to last year. The current median sold price is 8% lower than in September.

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

In October, there was 6.6 months of supply available in Shepherd Park and Petworth, compared to 4.9 in October 2023. That is an increase of 36% 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 126 homes newly listed for sale in Shepherd Park and Petworth compared to 114 in October 2023, an increase of 11%. There were 86 current contracts pending sale this October compared to 55 a year ago. The number of current contracts is 56% higher than last October.

In October, the average sale price in Shepherd Park and Petworth was 99.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 40, higher than the average last year, which was 28, an increase of 43%.





FOCUS ON: SHEPHERD PARK AND PETWORTH HOUSING MARKET			OCTOBER 2024

Zip Code(s): 20011 and 20012
Units Sold 54	Active Inventory 357	Median Sale Price $737,500	Days On Market 40

Down -4% Vs. Year Ago	Up 31% Vs. Year Ago	Up 3% Vs. Year Ago	Up 43% Vs. Year Ago


		Units Sold There was an increase in total units sold in October, with 54 sold this month in Shepherd Park and Petworth Real Estate versus 49 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 4% versus October 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 84 units or 31%. The total number of active inventory this October was 357 compared to 273 in October 2023. This month's total of 357 is lower than the previous month's total supply of available inventory of 399, a decrease of 11%.
		Median Sale Price Last October, the median sale price for Shepherd Park and Petworth Homes was $717,500. This October, the median sale price was $737,500, an increase of 3% or $20,000 compared to last year. The current median sold price is 8% lower than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 126	Current Contracts 86	Sold Vs. List Price 99.3%	Months of Supply 6.6

Up 11% Vs. Year Ago	Up 56% Vs. Year Ago	No Change Vs. Year Ago	Up 35% Vs. Year Ago


		Months of Supply In October, there was 6.6 months of supply available in Shepherd Park and Petworth, compared to 4.9 in October 2023. That is an increase of 36% 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 126 homes newly listed for sale in Shepherd Park and Petworth compared to 114 in October 2023, an increase of 11%. There were 86 current contracts pending sale this October compared to 55 a year ago. The number of current contracts is 56% higher than last October.
		Sale Price to List Price Ratio In October, the average sale price in Shepherd Park and Petworth was 99.3% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 40, higher than the average last year, which was 28, an increase of 43%.


	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.