Home | Newsletter | Advertise
loading...

One-Third of DC Homes Selling In Less Than a Week

  • August 6, 2013

by Shilpi Paul

One-Third of DC Homes Selling In Less Than a Week: Figure 1
This Capitol Hill listing went under contract in three days.

Approximately one-third of homes in DC are selling within seven days of hitting the market, according to a new report, making it perhaps the fastest moving housing market in the country.

In the latest analysis from the Redfin Research Center, the real estate website sifted through housing market data in major metro areas and analyzed statistics like inventory and the speed of home sales.

In June, 32 percent of homes on the market in the nation’s capital went under contract within one week, and 44.1 percent found a buyer within two weeks. No major metro area had a higher percentage of homes going under contract in a week.

One-Third of DC Homes Selling In Less Than a Week: Figure 2
Courtesy of Redfin.

However, nationwide trends show that the market may be slowing down a bit. The percentage of homes that went under contract in two weeks or less reached a high of 33.2 percent in April 2013; they slipped to 31.9 percent in May, and 30.5 percent in June.

For the full report, click here.

See other articles related to: redfin, inventory, housing market, dclofts

This article originally published at https://dc.urbanturf.com/articles/blog/1_3_of_homes_in_dc_selling_in_less_than_a_week/7420

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse