Broadlands and Brambleton Housing Market Data

There was a decrease in total units sold in December, with 41 sold this month in Broadlands and Brambleton Real Estate. This month's total units sold was lower than at this time last year.

Versus last year, the total number of homes available this month is higher by 8 units or 17%. The total number of active inventory this December was 56 compared to 48 in December 2021. This month's total of 56 is lower than the previous month's total supply of available inventory of 69, a decrease of 19%.

Last December, the median sale price for Broadlands and Brambleton Homes was $795,803. This December, the median sale price was $652,500, a decrease of 18% or $143,303 compared to last year. The current median sold price is 1% higher than in November.

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

In December, there was 1.4 months of supply available in Broadlands and Brambleton, compared to 0.6 in December 2021. That is an increase of 136% 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 35 homes newly listed for sale in Broadlands and Brambleton compared to 59 in December 2021, a decrease of 41%. There were 35 current contracts pending sale this December compared to 59 a year ago. The number of current contracts is 41% lower than last December.

In December, the average sale price in Broadlands and Brambleton was 98.2% of the average list price, which is 3.9% lower than at this time last year.

This month, the average number of days on market was 44, higher than the average last year, which was 17, an increase of 159%.





Focus On: Broadlands and Brambleton Housing Market			December 2022

Zip Code(s): 20148
Units Sold 41	Active Inventory 56	Median Sale Price $652,500	Days On Market 44

Down Vs. Year Ago	Up 17% Vs. Year Ago	Down -18% Vs. Year Ago	Up 159% Vs. Year Ago


		Units Sold There was a decrease in total units sold in December, with 41 sold this month in Broadlands and Brambleton 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 higher by 8 units or 17%. The total number of active inventory this December was 56 compared to 48 in December 2021. This month's total of 56 is lower than the previous month's total supply of available inventory of 69, a decrease of 19%.
		Median Sale Price Last December, the median sale price for Broadlands and Brambleton Homes was $795,803. This December, the median sale price was $652,500, a decrease of 18% or $143,303 compared to last year. The current median sold price is 1% higher than in November. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 35	Current Contracts 35	Sold Vs. List Price 98.2%	Months of Supply 1.4

Down -41% Vs. Year Ago	Down -41% Vs. Year Ago	Down -3.8% Vs. Year Ago	Up 136% Vs. Year Ago


		Months of Supply In December, there was 1.4 months of supply available in Broadlands and Brambleton, compared to 0.6 in December 2021. That is an increase of 136% 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 35 homes newly listed for sale in Broadlands and Brambleton compared to 59 in December 2021, a decrease of 41%. There were 35 current contracts pending sale this December compared to 59 a year ago. The number of current contracts is 41% lower than last December.
		Sale Price to List Price Ratio In December, the average sale price in Broadlands and Brambleton was 98.2% of the average list price, which is 3.9% lower than at this time last year. Days on Market This month, the average number of days on market was 44, higher than the average last year, which was 17, an increase of 159%.


	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.