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| APRIL 2025 | |||
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| Zip Code(s): 20024 | |||
| Units Sold 17 |
Active Inventory 111 |
Median Sale Price $308,525 |
Days On Market 150 |
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| Up 21% Vs. Year Ago |
Down -5% Vs. Year Ago |
Down Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
The number of units sold remained stable in April, with 17 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 of 52% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 6 units or 5%. The total number of active inventory this April was 111 compared to 117 in April 2024. This month's total of 111 is lower than the previous month's total supply of available inventory of 119, a decrease of 7%. |
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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 April, the median sale price for Southwest and Waterfront Homes was $737,500. This April, the median sale price was $308,525, a decrease of $428,975 compared to last year. The current median sold price is lower than in March. 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 21 |
Current Contracts 13 |
Sold Vs. List Price 96.2% |
Months of Supply 6.5 |
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| Down -52% Vs. Year Ago |
Down -7% Vs. Year Ago |
No Change Vs. Year Ago |
Down -22% Vs. Year Ago |
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Months of Supply
In April, there was 6.5 months of supply available in Southwest and Waterfront, compared to 8.4 in April 2024. That is a decrease of 22% 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 21 homes newly listed for sale in Southwest and Waterfront compared to 44 in April 2024, a decrease of 52%. There were 13 current contracts pending sale this April compared to 14 a year ago. The number of current contracts is 7% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Southwest and Waterfront was 96.2% 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 150, higher than the average last year, which was 80. 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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