The Long & Foster Market Minute

Focus On: Logan Circle and Dupont Housing Market June 2021

Zip Code(s): 20005 and 20036
Units Sold
44
Active Inventory
95
Median Sale Price
$654,000
Days On Market
24
Up
Vs. Year Ago
Up 64%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -11%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 44 sold this month in Logan Circle and Dupont Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 37 units or 64%. The total number of active inventory this June was 95 compared to 58 in June 2020. This month's total of 95 is lower than the previous month's total supply of available inventory of 107, a decrease of 11%.

Median Sale Price
Last June, the median sale price for Logan Circle and Dupont Homes was $553,500. This June, the median sale price was $654,000, an increase of $100,500 compared to last year. The current median sold price is 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
82
Current Contracts
58
Sold Vs. List Price
99.8%
Months of Supply
2.2
Up 64%
Vs. Year Ago
Up 87%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -33%
Vs. Year Ago

Months of Supply
In June, there was 2.2 months of supply available in Logan Circle and Dupont, compared to 3.2 in June 2020. That is a decrease of 33% 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 82 homes newly listed for sale in Logan Circle and Dupont compared to 50 in June 2020, an increase of 64%. There were 58 current contracts pending sale this June compared to 31 a year ago. The number of current contracts is 87% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Logan Circle and Dupont was 99.8% of the average list price, which is 1.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 24, lower than the average last year, which was 27, a decrease of 11%.

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.