The housing market in American University Park continues to be one of the most competitive and fastest moving markets in DC.
Here are the three statistical metrics that illustrate the climate of the market in AU Park:
- The average sales price to list price ratio so far in 2018 sits at 101.5 percent, the second highest level in the city and an indication that homes are regularly selling for above list price in the neighborhood.
- 65 percent of homes sold in AU Park this year did so within the first ten days of hitting the market.
- At just 6 days, the median days on market for homes in the neighborhood is the lowest for any legal subdivision in DC.
The inventory of homes for sale in AU Park has hovered at or below the one-month level since the beginning of the year and that supply constrain is reflected in home prices. Prices rose 6.3 percent over last year to $1.042 million, and listing prices are following suit, increasing 2.5 percent to just over $1 million.
This article originally published at https://dc.urbanturf.com/articles/blog/au-park-remains-one-of-dcs-fastest-moving-housing-markets/14366.
Most Popular... This Week • Last 30 Days • Ever
President Biden will sign the largest climate bill in history into law this week.... read »
The Washington Nationals great didn't move out of the area, though.... read »
UrbanTurf put together a quick primer on the ins and outs of a home auction.... read »
As the Capitol Riverfront neighborhood nears its development capacity, a new effort p... read »
Foulger Pratt has plans to turn the 12-story office building at 1133 19th Street NW i... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
This Week's Find is one of the more interesting homes in DC's Foxhall neighborhood. ... read »
The mall will be reimagined as a 7-story, 325-unit apartment project with 25,000 squa... read »
While DC's rising home prices have been the story for years, there are some areas of ... read »
Approximately 25% of listings on the market in the city have experienced a price redu... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro