Fairly Balanced: The Columbia Heights Market, By the Numbers

• October 7, 2020

by UrbanTurf Staff

UrbanTurf is taking its annual look at the neighborhood housing markets around the DC region. Today, we head over to Columbia Heights. 

Columbia Heights is one of the largest and most active housing markets in DC. However, the 2020 market was not quite as volatile as other local markets in the city. While home prices were up year-over-year, sales were down slightly despite leading the city in terms of overall volume. The contract ratio in Columbia Heights has been well below 1.0 for most of the year, an indication that the market is largely leaning in favor of buyers. 

Below UrbanTurf plucked out several other interesting stats about the Columbia Heights market.

• $655,000 -- The median home price in Columbia Heights, up 11% compared to last year.
• 417 -- The number of homes sold in the neighborhood this year, down slightly compared to 2019 but the highest volume of any DC neighborhood.
• 14 -- The average number of days that homes are spending on the market in Columbia Heights. 
• 2.06 -- The supply of homes on the market in the second quarter, down 14% year-over-year.

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This article originally published at http://dc.urbanturf.com/articles/blog/fairly-balanced-the-columbia-heights-market-by-the-numbers/17376