MCNAIR FARMS AND FRANKLIN FARMS HOUSING MARKET DATA

There was a decrease in total units sold in June, with 48 sold this month in McNair Farms and Franklin Farms Real Estate versus 53 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 14% versus June 2024.

Versus last year, the total number of homes available this month is higher by 21 units or 43%. The total number of active inventory this June was 70 compared to 49 in June 2024. This month's total of 70 is lower than the previous month's total supply of available inventory of 79, a decrease of 11%.

Last June, the median sale price for McNair Farms and Franklin Farms Homes was $836,000. This June, the median sale price was $740,000, a decrease of 11% or $96,000 compared to last year. The current median sold price is 3% higher than in May.

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

In June, there was 1.5 months of supply available in McNair Farms and Franklin Farms, compared to 0.9 in June 2024. That is an increase of 67% 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 37 homes newly listed for sale in McNair Farms and Franklin Farms compared to 59 in June 2024, a decrease of 37%. There were 36 current contracts pending sale this June compared to 57 a year ago. The number of current contracts is 37% lower than last June.

In June, the average sale price in McNair Farms and Franklin Farms was 100.0% of the average list price, which is 1.8% lower than at this time last year.

This month, the average number of days on market was 28, higher than the average last year, which was 10, an increase of 180%.





FOCUS ON: MCNAIR FARMS AND FRANKLIN FARMS HOUSING MARKET			JUNE 2025

Zip Code(s): 20171
Units Sold 48	Active Inventory 70	Median Sale Price $740,000	Days On Market 28

Down -14% Vs. Year Ago	Up 43% Vs. Year Ago	Down -11% Vs. Year Ago	Up 180% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 48 sold this month in McNair Farms and Franklin Farms Real Estate versus 53 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 14% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 21 units or 43%. The total number of active inventory this June was 70 compared to 49 in June 2024. This month's total of 70 is lower than the previous month's total supply of available inventory of 79, a decrease of 11%.
		Median Sale Price Last June, the median sale price for McNair Farms and Franklin Farms Homes was $836,000. This June, the median sale price was $740,000, a decrease of 11% or $96,000 compared to last year. The current median sold price is 3% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 37	Current Contracts 36	Sold Vs. List Price 100.0%	Months of Supply 1.5

Down -37% Vs. Year Ago	Down -37% Vs. Year Ago	Down -1.8% Vs. Year Ago	Up 66% Vs. Year Ago


		Months of Supply In June, there was 1.5 months of supply available in McNair Farms and Franklin Farms, compared to 0.9 in June 2024. That is an increase of 67% 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 37 homes newly listed for sale in McNair Farms and Franklin Farms compared to 59 in June 2024, a decrease of 37%. There were 36 current contracts pending sale this June compared to 57 a year ago. The number of current contracts is 37% lower than last June.
		Sale Price to List Price Ratio In June, the average sale price in McNair Farms and Franklin Farms was 100.0% of the average list price, which is 1.8% 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 10, an increase of 180%.


	McNair Farms and Franklin Farms are defined as properties listed in zip code/s 20171.
	*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.