Petworth Housing Market Data

There was an increase in total units sold in April, with 65 sold this month in Petworth Real Estate versus 49 last month, an increase of 33%. This month's total units sold was higher than at this time last year, an increase of 3% versus April 2012.

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Versus last year, the total number of homes available this month is lower by 80 units or 49%. The total number of active inventory this April was 84 compared to 164 in April 2012. This month's total of 84 is lower than the previous month's total supply of available inventory of 87, a decrease of 3%.

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Last April, the median sale price for Petworth Homes was $331,000. This April, the median sale price was $404,999, an increase of 22% or $73,999 compared to last year. The current median sold price is 17% 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 1.3 months of supply available in Petworth, compared to 2.6 in April 2012. That is a decrease of 50% 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 93 homes newly listed for sale in Petworth compared to 83 in April 2012, an increase of 12%. There were 86 current contracts pending sale this April compared to 63 a year ago. The number of current contracts is 37% 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 Petworth was 100.2% of the average list price, which is 1.8% higher than at this time last year.

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This month, the average number of days on market was 25, lower than the average last year, which was 60, a decrease of 58%.

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Focus On: Petworth Housing Market			April 2013
Zip Code(s): 20011
Units Sold 65	Active Inventory 84	Median Sale Price $404,999	Days On Market 25

Up 3% Vs. Year Ago	Down -49% Vs. Year Ago	Up 22% Vs. Year Ago	Down -58% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 65 sold this month in Petworth Real Estate versus 49 last month, an increase of 33%. This month's total units sold was higher than at this time last year, an increase of 3% 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 80 units or 49%. The total number of active inventory this April was 84 compared to 164 in April 2012. This month's total of 84 is lower than the previous month's total supply of available inventory of 87, a decrease of 3%. 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 Petworth Homes was $331,000. This April, the median sale price was $404,999, an increase of 22% or $73,999 compared to last year. The current median sold price is 17% 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 93	Current Contracts 86	Sold Vs. List Price 100.2%	Months of Supply 1.3

Up 12% Vs. Year Ago	Up 37% Vs. Year Ago	Up 1.9% Vs. Year Ago	Down -50% Vs. Year Ago

iCharts		Months of Supply In April, there was 1.3 months of supply available in Petworth, compared to 2.6 in April 2012. That is a decrease of 50% 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 93 homes newly listed for sale in Petworth compared to 83 in April 2012, an increase of 12%. There were 86 current contracts pending sale this April compared to 63 a year ago. The number of current contracts is 37% 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 Petworth was 100.2% of the average list price, which is 1.8% 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 25, lower than the average last year, which was 60, a decrease of 58%. Click here to compare the days on market of this area against other locations.		iCharts



Petworth are defined as properties listed in zip code/s 20011.
*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.