Bethesda and Cabin John Housing Market Data

There was a decrease in total units sold in June, with 135 sold this month in Bethesda and Cabin John Real Estate versus 139 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 18% versus June 2018.

Versus last year, the total number of homes available this month is lower by 30 units or 9%. The total number of active inventory this June was 316 compared to 346 in June 2018. This month's total of 316 is lower than the previous month's total supply of available inventory of 374, a decrease of 16%.

Last June, the median sale price for Bethesda and Cabin John Homes was $955,000. This June, the median sale price was $923,000, a decrease of 3% or $32,000 compared to last year. The current median sold price is 3% 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 2.3 months of supply available in Bethesda and Cabin John, compared to 2.1 in June 2018. That is an increase of 11% 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 154 homes newly listed for sale in Bethesda and Cabin John compared to 166 in June 2018, a decrease of 7%. There were 136 current contracts pending sale this June compared to 123 a year ago. The number of current contracts is 11% higher than last June.

In June, the average sale price in Bethesda and Cabin John was 98.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 29, lower than the average last year, which was 46, a decrease of 37%.





Focus On: Bethesda and Cabin John Housing Market			June 2019

Zip Code(s): 20814, 20816, 20817, 20818, 20812, 20889, 20892 and 20894
Units Sold 135	Active Inventory 316	Median Sale Price $923,000	Days On Market 29

Down -18% Vs. Year Ago	Down -9% Vs. Year Ago	Down -3% Vs. Year Ago	Down -37% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 135 sold this month in Bethesda and Cabin John Real Estate versus 139 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 18% versus June 2018.
Active Inventory Versus last year, the total number of homes available this month is lower by 30 units or 9%. The total number of active inventory this June was 316 compared to 346 in June 2018. This month's total of 316 is lower than the previous month's total supply of available inventory of 374, a decrease of 16%.
		Median Sale Price Last June, the median sale price for Bethesda and Cabin John Homes was $955,000. This June, the median sale price was $923,000, a decrease of 3% or $32,000 compared to last year. The current median sold price is 3% 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 154	Current Contracts 136	Sold Vs. List Price 98.9%	Months of Supply 2.3

Down -7% Vs. Year Ago	Up 11% Vs. Year Ago	No Change Vs. Year Ago	Up 11% Vs. Year Ago


		Months of Supply In June, there was 2.3 months of supply available in Bethesda and Cabin John, compared to 2.1 in June 2018. That is an increase of 11% 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 154 homes newly listed for sale in Bethesda and Cabin John compared to 166 in June 2018, a decrease of 7%. There were 136 current contracts pending sale this June compared to 123 a year ago. The number of current contracts is 11% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Bethesda and Cabin John was 98.9% 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 29, lower than the average last year, which was 46, a decrease of 37%.


	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.