The Long & Foster Market Minute

Focus On: Kensington and North Bethesda Housing Market September 2019

Zip Code(s): 20895 and 20814
Units Sold
Active Inventory
Median Sale Price
Days On Market
Down -19%
Vs. Year Ago
Down -13%
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -4%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 44 sold this month in Kensington and North Bethesda 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 23 units or 13%. The total number of active inventory this September was 161 compared to 184 in September 2018. This month's total of 161 is higher than the previous month's total supply of available inventory of 137, an increase of 18%.

Median Sale Price
Last September, the median sale price for Kensington and North Bethesda Homes was $604,000. This September, the median sale price was $570,000, a decrease of 6% or $34,000 compared to last year. The current median sold price is 15% lower than in August.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 22%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -1.3%
Vs. Year Ago
Up 7%
Vs. Year Ago

Months of Supply
In September, there was 3.7 months of supply available in Kensington and North Bethesda, compared to 3.4 in September 2018. 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 120 homes newly listed for sale in Kensington and North Bethesda compared to 98 in September 2018, an increase of 22%. There were 55 current contracts pending sale this September compared to 53 a year ago. The number of current contracts is 4% higher than last September.

Sale Price to List Price Ratio
In September, the average sale price in Kensington and North Bethesda was 97.4% of the average list price, which is 1.3% lower than at this time last year.

Days on Market
This month, the average number of days on market was 43, lower than the average last year, which was 45, a decrease of 4%.

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.