KENSINGTON AND NORTH BETHESDA HOUSING MARKET DATA

There was a decrease in total units sold in August, with 53 sold this month in Kensington and North Bethesda Real Estate versus 58 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 7% versus August 2023.

Versus last year, the total number of homes available this month is higher by 17 units or 29%. The total number of active inventory this August was 75 compared to 58 in August 2023. This month's total of 75 is lower than the previous month's total supply of available inventory of 82, a decrease of 9%.

Last August, the median sale price for Kensington and North Bethesda Homes was $825,000. This August, the median sale price was $937,500, an increase of 14% or $112,500 compared to last year. The current median sold price is 10% higher than in July.

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

In August, there was 1.4 months of supply available in Kensington and North Bethesda, compared to 1.0 in August 2023. That is an increase of 39% 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 38 homes newly listed for sale in Kensington and North Bethesda compared to 53 in August 2023, a decrease of 28%. There were 34 current contracts pending sale this August compared to 44 a year ago. The number of current contracts is 23% lower than last August.

In August, the average sale price in Kensington and North Bethesda was 99.7% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 23, lower than the average last year, which was 27, a decrease of 15%.





FOCUS ON: KENSINGTON AND NORTH BETHESDA HOUSING MARKET			AUGUST 2024

Zip Code(s): 20895 and 20814
Units Sold 53	Active Inventory 75	Median Sale Price $937,500	Days On Market 23

Down -7% Vs. Year Ago	Up 29% Vs. Year Ago	Up 14% Vs. Year Ago	Down -15% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 53 sold this month in Kensington and North Bethesda Real Estate versus 58 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 7% versus August 2023.
Active Inventory Versus last year, the total number of homes available this month is higher by 17 units or 29%. The total number of active inventory this August was 75 compared to 58 in August 2023. This month's total of 75 is lower than the previous month's total supply of available inventory of 82, a decrease of 9%.
		Median Sale Price Last August, the median sale price for Kensington and North Bethesda Homes was $825,000. This August, the median sale price was $937,500, an increase of 14% or $112,500 compared to last year. The current median sold price is 10% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 38	Current Contracts 34	Sold Vs. List Price 99.7%	Months of Supply 1.4

Down -28% Vs. Year Ago	Down -23% Vs. Year Ago	No Change Vs. Year Ago	Up 39% Vs. Year Ago


		Months of Supply In August, there was 1.4 months of supply available in Kensington and North Bethesda, compared to 1.0 in August 2023. That is an increase of 39% 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 38 homes newly listed for sale in Kensington and North Bethesda compared to 53 in August 2023, a decrease of 28%. There were 34 current contracts pending sale this August compared to 44 a year ago. The number of current contracts is 23% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Kensington and North Bethesda was 99.7% 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 23, lower than the average last year, which was 27, a decrease of 15%.


	Kensington and North Bethesda are defined as properties listed in zip code/s 20895 and 20814.
	*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.