June 2019 Bethesda Real Estate Market Update
As compared to June 2018, this past June in Bethesda and Cabin John saw a decrease in inventory, fewer days on the market, and more contracts. This report pertains to zip codes 20814, 20816, 20817, 20818, 20812, 20889, 20892, and 20894.
Months of supply, calculated by dividing current inventory from current sales, represents how many months would be needed to sell all of the inventory available at the current rate of demand. June 2019 had 2.3 months of supply, up 11% versus a year ago. The average days on market for homes for sale in Bethesda was 29, down 37% from last June where the average home for sale was on the market for 46 days.