The Long & Foster Market Minute

Focus On: Fort Washington and Accokeek Housing Market June 2021

Zip Code(s): 20744 and 20607
Units Sold
103
Active Inventory
67
Median Sale Price
$416,425
Days On Market
12
Up 23%
Vs. Year Ago
Down -45%
Vs. Year Ago
Up 14%
Vs. Year Ago
Down -57%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 103 sold this month in Fort Washington and Accokeek Real Estate versus 91 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 23% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 54 units or 45%. The total number of active inventory this June was 67 compared to 121 in June 2020. This month's total of 67 is lower than the previous month's total supply of available inventory of 68, a decrease of 1%.

Median Sale Price
Last June, the median sale price for Fort Washington and Accokeek Homes was $366,500. This June, the median sale price was $416,425, an increase of 14% or $49,925 compared to last year. The current median sold price is 3% lower 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
111
Current Contracts
87
Sold Vs. List Price
100.9%
Months of Supply
0.7
Up 18%
Vs. Year Ago
Up 14%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -55%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Fort Washington and Accokeek, compared to 1.4 in June 2020. That is a decrease of 55% 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 111 homes newly listed for sale in Fort Washington and Accokeek compared to 94 in June 2020, an increase of 18%. There were 87 current contracts pending sale this June compared to 76 a year ago. The number of current contracts is 14% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Fort Washington and Accokeek was 100.9% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 12, lower than the average last year, which was 28, a decrease of 57%.

The Long & Foster Market Minute Fort Washington and Accokeek are defined as properties listed in zip code/s 20744 and 20607.
*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.