SPRING VALLEY AND WESLEY HEIGHTS HOUSING MARKET DATA

There was an increase in total units sold in June, with 49 sold this month in Spring Valley and Wesley Heights Real Estate. This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is higher by 17 units or 15%. The total number of active inventory this June was 130 compared to 113 in June 2024. This month's total of 130 is lower than the previous month's total supply of available inventory of 156, a decrease of 17%.

Last June, the median sale price for Spring Valley and Wesley Heights Homes was $1,257,000. This June, the median sale price was $1,300,000, an increase of 3% or $43,000 compared to last year. The current median sold price is 13% higher 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.

In June, there was 2.7 months of supply available in Spring Valley and Wesley Heights, compared to 2.1 in June 2024. That is an increase of 27% 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 37 homes newly listed for sale in Spring Valley and Wesley Heights compared to 56 in June 2024, a decrease of 34%. There were 34 current contracts pending sale this June compared to 45 a year ago. The number of current contracts is 24% lower than last June.

In June, the average sale price in Spring Valley and Wesley Heights was 97.6% of the average list price, which is 4.3% lower than at this time last year.

This month, the average number of days on market was 23, which is similar compared to a year ago.





FOCUS ON: SPRING VALLEY AND WESLEY HEIGHTS HOUSING MARKET			JUNE 2025

Zip Code(s): 20016
Units Sold 49	Active Inventory 130	Median Sale Price $1,300,000	Days On Market 23

Down -9% Vs. Year Ago	Up 15% Vs. Year Ago	Up 3% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 49 sold this month in Spring Valley and Wesley Heights Real Estate. This month's total units sold was lower than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 17 units or 15%. The total number of active inventory this June was 130 compared to 113 in June 2024. This month's total of 130 is lower than the previous month's total supply of available inventory of 156, a decrease of 17%.
		Median Sale Price Last June, the median sale price for Spring Valley and Wesley Heights Homes was $1,257,000. This June, the median sale price was $1,300,000, an increase of 3% or $43,000 compared to last year. The current median sold price is 13% higher 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.



New Listings 37	Current Contracts 34	Sold Vs. List Price 97.6%	Months of Supply 2.7

Down -34% Vs. Year Ago	Down -24% Vs. Year Ago	Down -4.2% Vs. Year Ago	Up 27% Vs. Year Ago


		Months of Supply In June, there was 2.7 months of supply available in Spring Valley and Wesley Heights, compared to 2.1 in June 2024. That is an increase of 27% 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 37 homes newly listed for sale in Spring Valley and Wesley Heights compared to 56 in June 2024, a decrease of 34%. There were 34 current contracts pending sale this June compared to 45 a year ago. The number of current contracts is 24% lower than last June.
		Sale Price to List Price Ratio In June, the average sale price in Spring Valley and Wesley Heights was 97.6% of the average list price, which is 4.3% lower than at this time last year. Days on Market This month, the average number of days on market was 23, which is similar compared to a year ago.


	Spring Valley and Wesley Heights is defined as properties in zip code 20016 and includes, but is not limited to these neighborhoods: Spring Valley, Wesley Heights, and AU Park.
	*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.