Adams Morgan and U Street Housing Market Data

There was an increase in total units sold in April, with 92 sold this month in Adams Morgan and U Street Real Estate versus 79 last month, an increase of 16%. This month's total units sold was higher than at this time last year, an increase of 16% versus April 2012.

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Versus last year, the total number of homes available this month is lower by 95 units or 49%. The total number of active inventory this April was 97 compared to 192 in April 2012. This month's total of 97 is lower than the previous month's total supply of available inventory of 99, a decrease of 2%.

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Last April, the median sale price for Adams Morgan and U Street Homes was $475,000. This April, the median sale price was $450,000, a decrease of 5% or $25,000 compared to last year. The current median sold price is 7% lower than in March.

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

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In April, there was 1.1 months of supply available in Adams Morgan and U Street, compared to 2.4 in April 2012. That is a decrease of 57% 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.

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This month there were 128 homes newly listed for sale in Adams Morgan and U Street compared to 117 in April 2012, an increase of 9%. There were 114 current contracts pending sale this April compared to 94 a year ago. The number of current contracts is 21% higher than last April.

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Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Adams Morgan and U Street was 100.5% of the average list price, which is 0.8% higher than at this time last year.

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This month, the average number of days on market was 24, lower than the average last year, which was 37, a decrease of 35%.

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Focus On: Adams Morgan and U Street Housing Market			April 2013
Zip Code(s): 20009
Units Sold 92	Active Inventory 97	Median Sale Price $450,000	Days On Market 24

Up 16% Vs. Year Ago	Down -49% Vs. Year Ago	Down -5% Vs. Year Ago	Down -35% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 92 sold this month in Adams Morgan and U Street Real Estate versus 79 last month, an increase of 16%. This month's total units sold was higher than at this time last year, an increase of 16% versus April 2012. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 95 units or 49%. The total number of active inventory this April was 97 compared to 192 in April 2012. This month's total of 97 is lower than the previous month's total supply of available inventory of 99, a decrease of 2%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Adams Morgan and U Street Homes was $475,000. This April, the median sale price was $450,000, a decrease of 5% or $25,000 compared to last year. The current median sold price is 7% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. Click here to compare the median sale price of this area against other locations.



New Listings 128	Current Contracts 114	Sold Vs. List Price 100.5%	Months of Supply 1.1

Up 9% Vs. Year Ago	Up 21% Vs. Year Ago	Up 0.8% Vs. Year Ago	Down -57% Vs. Year Ago

iCharts		Months of Supply In April, there was 1.1 months of supply available in Adams Morgan and U Street, compared to 2.4 in April 2012. That is a decrease of 57% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 128 homes newly listed for sale in Adams Morgan and U Street compared to 117 in April 2012, an increase of 9%. There were 114 current contracts pending sale this April compared to 94 a year ago. The number of current contracts is 21% higher than last April. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Adams Morgan and U Street was 100.5% of the average list price, which is 0.8% higher than at this time last year. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 24, lower than the average last year, which was 37, a decrease of 35%. Click here to compare the days on market of this area against other locations.		iCharts



Adams Morgan and U Street are defined as properties in zip code 20009
*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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.