Chevy Chase MD Housing Market Data

There was a decrease in total units sold in July, with 38 sold this month in Chevy Chase MD Real Estate versus 50 last month, a decrease of 24%. This month's total units sold was lower than at this time last year, a decrease of 5% versus July 2021.

Versus last year, the total number of homes available this month is lower by 32 units or 33%. The total number of active inventory this July was 65 compared to 97 in July 2021. This month's total of 65 is lower than the previous month's total supply of available inventory of 68, a decrease of 4%.

Last July, the median sale price for Chevy Chase MD Homes was $1,312,444. This July, the median sale price was $1,100,000, a decrease of 16% or $212,444 compared to last year. The current median sold price is 15% lower than in June.

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

In July, there was 1.7 months of supply available in Chevy Chase MD, compared to 2.4 in July 2021. That is a decrease of 29% 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 47 homes newly listed for sale in Chevy Chase MD compared to 68 in July 2021, a decrease of 31%. There were 30 current contracts pending sale this July compared to 35 a year ago. The number of current contracts is 14% lower than last July.

In July, the average sale price in Chevy Chase MD was 100.5% of the average list price, which is 1.4% higher than at this time last year.

This month, the average number of days on market was 33, higher than the average last year, which was 25, an increase of 32%.





Focus On: Chevy Chase MD Housing Market			July 2022

Zip Code(s): 20815
Units Sold 38	Active Inventory 65	Median Sale Price $1,100,000	Days On Market 33

Down -5% Vs. Year Ago	Down -33% Vs. Year Ago	Down -16% Vs. Year Ago	Up 32% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 38 sold this month in Chevy Chase MD Real Estate versus 50 last month, a decrease of 24%. This month's total units sold was lower than at this time last year, a decrease of 5% versus July 2021.
Active Inventory Versus last year, the total number of homes available this month is lower by 32 units or 33%. The total number of active inventory this July was 65 compared to 97 in July 2021. This month's total of 65 is lower than the previous month's total supply of available inventory of 68, a decrease of 4%.
		Median Sale Price Last July, the median sale price for Chevy Chase MD Homes was $1,312,444. This July, the median sale price was $1,100,000, a decrease of 16% or $212,444 compared to last year. The current median sold price is 15% lower than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 47	Current Contracts 30	Sold Vs. List Price 100.5%	Months of Supply 1.7

Down -31% Vs. Year Ago	Down -14% Vs. Year Ago	Up 1.4% Vs. Year Ago	Down -30% Vs. Year Ago


		Months of Supply In July, there was 1.7 months of supply available in Chevy Chase MD, compared to 2.4 in July 2021. That is a decrease of 29% 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 47 homes newly listed for sale in Chevy Chase MD compared to 68 in July 2021, a decrease of 31%. There were 30 current contracts pending sale this July compared to 35 a year ago. The number of current contracts is 14% lower than last July.
		Sale Price to List Price Ratio In July, the average sale price in Chevy Chase MD was 100.5% of the average list price, which is 1.4% higher than at this time last year. Days on Market This month, the average number of days on market was 33, higher than the average last year, which was 25, an increase of 32%.


	Chevy Chase MD are defined as properties listed in zip code/s 20815.
	*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.