MCNAIR FARMS AND FRANKLIN FARMS HOUSING MARKET DATA

There was a decrease in total units sold in May, with 52 sold this month in McNair Farms and Franklin Farms Real Estate versus 56 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 2% versus May 2024.

Versus last year, the total number of homes available this month is higher by 18 units or 36%. The total number of active inventory this May was 68 compared to 50 in May 2024. This month's total of 68 is lower than the previous month's total supply of available inventory of 70, a decrease of 3%.

Last May, the median sale price for McNair Farms and Franklin Farms Homes was $902,000. This May, the median sale price was $729,395, a decrease of 19% or $172,605 compared to last year. The current median sold price is 14% lower 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.

In May, there was 1.3 months of supply available in McNair Farms and Franklin Farms, compared to 0.9 in May 2024. That is an increase of 39% 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 54 homes newly listed for sale in McNair Farms and Franklin Farms compared to 58 in May 2024, a decrease of 7%. There were 49 current contracts pending sale this May compared to 50 a year ago. The number of current contracts is 2% lower than last May.

In May, the average sale price in McNair Farms and Franklin Farms was 101.6% of the average list price, which is 4.6% lower than at this time last year.

This month, the average number of days on market was 18, higher than the average last year, which was 9, an increase of 100%.





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

Zip Code(s): 20171
Units Sold 52	Active Inventory 68	Median Sale Price $729,395	Days On Market 18

Down -2% Vs. Year Ago	Up 36% Vs. Year Ago	Down -19% Vs. Year Ago	Up 100% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 52 sold this month in McNair Farms and Franklin Farms Real Estate versus 56 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 2% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 18 units or 36%. The total number of active inventory this May was 68 compared to 50 in May 2024. This month's total of 68 is lower than the previous month's total supply of available inventory of 70, a decrease of 3%.
		Median Sale Price Last May, the median sale price for McNair Farms and Franklin Farms Homes was $902,000. This May, the median sale price was $729,395, a decrease of 19% or $172,605 compared to last year. The current median sold price is 14% lower 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 54	Current Contracts 49	Sold Vs. List Price 101.6%	Months of Supply 1.3

Down -7% Vs. Year Ago	Down -2% Vs. Year Ago	Down -4.3% Vs. Year Ago	Up 39% Vs. Year Ago


		Months of Supply In May, there was 1.3 months of supply available in McNair Farms and Franklin Farms, compared to 0.9 in May 2024. That is an increase of 39% 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 54 homes newly listed for sale in McNair Farms and Franklin Farms compared to 58 in May 2024, a decrease of 7%. There were 49 current contracts pending sale this May compared to 50 a year ago. The number of current contracts is 2% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in McNair Farms and Franklin Farms was 101.6% of the average list price, which is 4.6% lower than at this time last year. Days on Market This month, the average number of days on market was 18, higher than the average last year, which was 9, an increase of 100%.


	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.