Bethesda and Cabin John Housing Market Data

There was an increase in total units sold in April, with 115 sold this month in Bethesda and Cabin John Real Estate versus 95 last month, an increase of 21%. This month's total units sold was higher than at this time last year, an increase of 13% versus April 2012.

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Versus last year, the total number of homes available this month is lower by 102 units or 31%. The total number of active inventory this April was 228 compared to 330 in April 2012. This month's total of 228 is higher than the previous month's total supply of available inventory of 204, an increase of 12%.

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Last April, the median sale price for Bethesda and Cabin John Homes was $740,000. This April, the median sale price was $797,500, an increase of 8% or $57,500 compared to last year. The current median sold price is 8% higher 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 2.0 months of supply available in Bethesda and Cabin John, compared to 3.2 in April 2012. That is a decrease of 39% 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 198 homes newly listed for sale in Bethesda and Cabin John compared to 178 in April 2012, an increase of 11%. There were 148 current contracts pending sale this April compared to 126 a year ago. The number of current contracts is 17% 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 Bethesda and Cabin John was 98.7% of the average list price, which is 1.6% higher than at this time last year.

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This month, the average number of days on market was 50, lower than the average last year, which was 55, a decrease of 9%.

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Focus On: Bethesda and Cabin John Housing Market			April 2013
Zip Code(s): 20814, 20816, 20817, 20818, 20812, 20889, 20892 and 20894
Units Sold 115	Active Inventory 228	Median Sale Price $797,500	Days On Market 50

Up 13% Vs. Year Ago	Down -31% Vs. Year Ago	Up 8% Vs. Year Ago	Down -9% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 115 sold this month in Bethesda and Cabin John Real Estate versus 95 last month, an increase of 21%. This month's total units sold was higher than at this time last year, an increase of 13% 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 102 units or 31%. The total number of active inventory this April was 228 compared to 330 in April 2012. This month's total of 228 is higher than the previous month's total supply of available inventory of 204, an increase of 12%. 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 Bethesda and Cabin John Homes was $740,000. This April, the median sale price was $797,500, an increase of 8% or $57,500 compared to last year. The current median sold price is 8% higher 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 198	Current Contracts 148	Sold Vs. List Price 98.7%	Months of Supply 2.0

Up 11% Vs. Year Ago	Up 17% Vs. Year Ago	Up 1.7% Vs. Year Ago	Down -39% Vs. Year Ago

iCharts		Months of Supply In April, there was 2.0 months of supply available in Bethesda and Cabin John, compared to 3.2 in April 2012. That is a decrease of 39% 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 198 homes newly listed for sale in Bethesda and Cabin John compared to 178 in April 2012, an increase of 11%. There were 148 current contracts pending sale this April compared to 126 a year ago. The number of current contracts is 17% 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 Bethesda and Cabin John was 98.7% of the average list price, which is 1.6% 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 50, lower than the average last year, which was 55, a decrease of 9%. Click here to compare the days on market of this area against other locations.		iCharts



Bethesda and Cabin John are defined as properties listed in zip code/s 20814, 20816, 20817, 20818, 20812, 20889, 20892 and 20894.
*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.