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| JUNE 2025 | |||
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| Zip Code(s): 20024 | |||
| Units Sold 18 |
Active Inventory 103 |
Median Sale Price $404,962 |
Days On Market 89 |
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| Up Vs. Year Ago |
Down -18% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in June, with 18 sold this month in Southwest and Waterfront Real Estate. This month's total units sold was higher than at this time last year, an increase from June 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 22 units or 18%. The total number of active inventory this June was 103 compared to 125 in June 2024. This month's total of 103 is lower than the previous month's total supply of available inventory of 120, a decrease of 14%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last June, the median sale price for Southwest and Waterfront Homes was $345,000. This June, the median sale price was $404,962, an increase of $59,962 compared to last year. The current median sold price is lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 20 |
Current Contracts 18 |
Sold Vs. List Price 96.9% |
Months of Supply 5.7 |
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| Down -35% Vs. Year Ago |
Up 100% Vs. Year Ago |
Down -2.1% Vs. Year Ago |
Down -36% Vs. Year Ago |
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Months of Supply
In June, there was 5.7 months of supply available in Southwest and Waterfront, compared to 8.9 in June 2024. That is a decrease 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. |
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New Listings & Current Contracts
This month there were 20 homes newly listed for sale in Southwest and Waterfront compared to 31 in June 2024, a decrease of 35%. There were 18 current contracts pending sale this June compared to 9 a year ago. The number of current contracts is 100% higher than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Southwest and Waterfront was 96.9% of the average list price, which is 2.1% lower than at this time last year. Days on Market
This month, the average number of days on market was 89, higher than the average last year, which was 43. This increase was impacted by the limited number of sales. | |||
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Southwest and Waterfront are defined as properties in zip code 20024. | ||
| *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. |
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