The Long & Foster Market Minute

Focus On: Kensington and North Bethesda Housing Market May 2020

Zip Code(s): 20895 and 20814
Units Sold
61
Active Inventory
110
Median Sale Price
$740,000
Days On Market
28
Down -16%
Vs. Year Ago
Down -42%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up 40%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in May, with 61 sold this month in Kensington and North Bethesda Real Estate versus 68 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 16% versus May 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 80 units or 42%. The total number of active inventory this May was 110 compared to 190 in May 2019. This month's total of 110 is higher than the previous month's total supply of available inventory of 108, an increase of 2%.

Median Sale Price
Last May, the median sale price for Kensington and North Bethesda Homes was $725,000. This May, the median sale price was $740,000, an increase of 2% or $15,000 compared to last year. The current median sold price is 17% 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
80
Current Contracts
63
Sold Vs. List Price
97.8%
Months of Supply
1.8
Down -39%
Vs. Year Ago
Down -22%
Vs. Year Ago
Down -2.2%
Vs. Year Ago
Down -31%
Vs. Year Ago

Months of Supply
In May, there was 1.8 months of supply available in Kensington and North Bethesda, compared to 2.6 in May 2019. That is a decrease of 31% 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 80 homes newly listed for sale in Kensington and North Bethesda compared to 131 in May 2019, a decrease of 39%. There were 63 current contracts pending sale this May compared to 81 a year ago. The number of current contracts is 22% lower than last May.

Sale Price to List Price Ratio
In May, the average sale price in Kensington and North Bethesda was 97.8% of the average list price, which is 2.2% lower than at this time last year.

Days on Market
This month, the average number of days on market was 28, higher than the average last year, which was 20, an increase of 40%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.