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The Long & Foster Market Minute

Bethesda & Cabin John: September 2013
Zip Codes: 20814, 20816, 20817, 20818, 20812, 20889, 20892 & 20894

Units Sold
85

Active Inventory
254

Median Sale Price
$727,500

Days On Market
35

Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market

No Change
Vs. Year Ago

Down -11%
Vs. Year Ago

No Change
Vs. Year Ago

Down -40%
Vs. Year Ago

Units Sold

There was a decrease in total units sold in September, with 85 sold this month in Bethesda & Cabin John, a decrease of 27%. This month's total units sold is similar compared to a year ago.
Active Inventory

Versus last year, the total number of homes available this month is lower by 32 units or 11%. The total number of active inventory this September was 254 compared to 286 in September 2012. This month's total of 254 is higher than the previous month's total supply of available inventory of 211, an increase of 20%.
Median Sale Price

Last September, the median sale price for Bethesda & Cabin John was $727,000. This September, the median sale price was $727,500, which is similar compared to a year ago. The current median sold price is 8% higher than in August.

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

New Listings
177

Current Contracts
103

Sold Vs. List Price
98.6%

Months of Supply
3.0

Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply

Up 22%
Vs. Year Ago

Up 23%
Vs. Year Ago

Up 1.4%
Vs. Year Ago

Down -11%
Vs. Year Ago

Months of Supply

In September, there was 3.0 months of supply available in Bethesda & Cabin John, compared to 3.4 in September 2012. That is a decrease of 11% 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 177 homes newly listed for sale in Bethesda & Cabin John compared to 145 in September 2012, an increase of 22%. There were 103 current contracts pending sale this September compared to 84 a year ago. The number of current contracts is 23% higher than last September.
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Sale Price to List Price Ratio

In September, the average sale price in Bethesda & Cabin John was 98.6% of the average list price, which is 1.3% higher than at this time last year.
Days on Market

This month, the average number of days on market was 35, lower than the average last year, which was 58, a decrease of 40%.
Bethesda & 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 Glen W. Sutcliffe.
REALTOR, Equal Opportunity HousingInformation 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, Long & Foster Real Estate, Inc. or Glen W. Sutcliffe.