Bethesda and Cabin John Housing Market Data

There was a decrease in total units sold in May, with 80 sold this month in Bethesda and Cabin John 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 lower by 143 units or 39%. The total number of active inventory this May was 224 compared to 367 in May 2019. This month's total of 224 is higher than the previous month's total supply of available inventory of 219, an increase of 2%.

Last May, the median sale price for Bethesda and Cabin John Homes was $907,500. This May, the median sale price was $915,500, an increase of 1% or $8,000 compared to last year. The current median sold price is 10% higher than in April.

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

In May, there was 2.8 months of supply available in Bethesda and Cabin John, compared to 2.6 in May 2019. That is an increase of 7% 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 141 homes newly listed for sale in Bethesda and Cabin John compared to 231 in May 2019, a decrease of 39%. There were 111 current contracts pending sale this May compared to 152 a year ago. The number of current contracts is 27% lower than last May.

In May, the average sale price in Bethesda and Cabin John was 98.3% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 37, lower than the average last year, which was 45, a decrease of 18%.





Focus On: Bethesda and Cabin John Housing Market			May 2020

Zip Code(s): 20814, 20816, 20817, 20818, 20812, 20889, 20892 and 20894
Units Sold 80	Active Inventory 224	Median Sale Price $915,500	Days On Market 37

Down Vs. Year Ago	Down -39% Vs. Year Ago	Up 1% Vs. Year Ago	Down -18% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 80 sold this month in Bethesda and Cabin John 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 lower by 143 units or 39%. The total number of active inventory this May was 224 compared to 367 in May 2019. This month's total of 224 is higher than the previous month's total supply of available inventory of 219, an increase of 2%.
		Median Sale Price Last May, the median sale price for Bethesda and Cabin John Homes was $907,500. This May, the median sale price was $915,500, an increase of 1% or $8,000 compared to last year. The current median sold price is 10% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 141	Current Contracts 111	Sold Vs. List Price 98.3%	Months of Supply 2.8

Down -39% Vs. Year Ago	Down -27% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 7% Vs. Year Ago


		Months of Supply In May, there was 2.8 months of supply available in Bethesda and Cabin John, compared to 2.6 in May 2019. That is an increase of 7% 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 141 homes newly listed for sale in Bethesda and Cabin John compared to 231 in May 2019, a decrease of 39%. There were 111 current contracts pending sale this May compared to 152 a year ago. The number of current contracts is 27% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Bethesda and Cabin John was 98.3% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 37, lower than the average last year, which was 45, a decrease of 18%.


	Bethesda and Cabin John are defined as properties listed in zip code/s 20814, 20816, 20817, 20818, 20812, 20889, 20892 and 20894.
	*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.