The Long & Foster Market Minute

Focus On: Logan Circle and Dupont Housing Market March 2021

Zip Code(s): 20005 and 20036
Units Sold
37
Active Inventory
99
Median Sale Price
$439,000
Days On Market
21
Down -7%
Vs. Year Ago
Up 154%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 5%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in March, with 37 sold this month in Logan Circle and Dupont Real Estate versus 41 last month, a decrease of 10%. This month's total units sold was lower than at this time last year, a decrease of 8% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is higher by 60 units or 154%. The total number of active inventory this March was 99 compared to 39 in March 2020. This month's total of 99 is lower than the previous month's total supply of available inventory of 102, a decrease of 3%.

Median Sale Price
Last March, the median sale price for Logan Circle and Dupont Homes was $427,450. This March, the median sale price was $439,000, an increase of 3% or $11,550 compared to last year. The current median sold price is 9% lower than in February.

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


New Listings
83
Current Contracts
59
Sold Vs. List Price
100.0%
Months of Supply
2.7
Up 89%
Vs. Year Ago
Up 127%
Vs. Year Ago
No Change
Vs. Year Ago
Up 173%
Vs. Year Ago

Months of Supply
In March, there was 2.7 months of supply available in Logan Circle and Dupont, compared to 1.0 in March 2020. That is an increase of 174% 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 83 homes newly listed for sale in Logan Circle and Dupont compared to 44 in March 2020, an increase of 89%. There were 59 current contracts pending sale this March compared to 26 a year ago. The number of current contracts is 127% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Logan Circle and Dupont was 100.0% 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, higher than the average last year, which was 20, an increase of 5%.

The Long & Foster Market Minute Logan Circle and Dupont are defined as properties in zip codes 20005 and 20036.
*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.