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| MARCH 2025 | |||
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| Zip Code(s): 20148 | |||
| Units Sold 64 |
Active Inventory 108 |
Median Sale Price $809,485 |
Days On Market 21 |
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| Up 3% Vs. Year Ago |
Up 15% Vs. Year Ago |
Up 8% Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 64 sold this month in Broadlands and Brambleton Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 14 units or 15%. The total number of active inventory this March was 108 compared to 94 in March 2024. This month's total of 108 is higher than the previous month's total supply of available inventory of 97, an increase of 11%. |
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Median Sale Price
Last March, the median sale price for Broadlands and Brambleton Homes was $749,245. This March, the median sale price was approximately the same at $809,485. The current median sold price is 8% higher than in March 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 103 |
Current Contracts 76 |
Sold Vs. List Price 100.7% |
Months of Supply 1.7 |
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| Down -13% Vs. Year Ago |
Down -6% Vs. Year Ago |
No Change Vs. Year Ago |
Up 11% Vs. Year Ago |
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Months of Supply
In March, there was 1.7 months of supply available in Broadlands and Brambleton, compared to 1.5 in March 2024. 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. |
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New Listings & Current Contracts
This month there were 103 homes newly listed for sale in Broadlands and Brambleton compared to 119 in March 2024, a decrease of 13%. There were 76 current contracts pending sale this March compared to 81 a year ago. The number of current contracts is 6% lower than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Broadlands and Brambleton was 100.7% 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 21, which is similar compared to a year ago. | |||
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Broadlands and Brambleton are defined as properties listed in zip code/s 20148. | ||
| *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. |
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