Nalls Home Partners Blog

Market Minute Report from Long and Foster for:

 

 

Bethesda / Cabin John Market Area

Active Inventory

Versus last year, the total number of homes available this month is higher by 60 units or 27%. The total number of active inventory this July was 284 compared to 224 in July 2013. This month's total of 284 is lower than the previous month's total supply of available inventory of 318, a decrease of 11%.

Months of Supply

In July, there was 2.4 months of supply available in Bethesda and Cabin John, compared to 1.6 in July 2013. That is an increase of 53% 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.

North Chevy Case

Versus last year, the total number of homes available this month is higher by 18 units or 23%. The total number of active inventory this July was 96 compared to 78 in July 2013. This month's total of 96 is lower than the previous month's total supply of available inventory of 111, a decrease of 14%.

 

 

Months of Supply

In July, there was 2.8 months of supply available in Chevy Chase North, compared to 1.6 in July 2013. That is an increase of 74% 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.