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Fairly Flat: The Congress Heights Housing Market, By the Numbers
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UrbanTurf is taking its annual look at the neighborhood housing markets around the DC region. Today, we head over to Congress Heights.
Overall, the market in the Ward 8 neighborhood of Congress Heights remained pretty flat between 2019 and 2020. Home sales, while still robust at 121 closings, were down about 6% compared to last year with home prices rising only about 1.5%. Homes are not selling at the premium they did last year, but the market remains strong with an average sales price to original list price ratio just below 100 percent.
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Below UrbanTurf plucked out a few other interesting stats about the Congress Heights market.
- $335,000 -- The median home price in Congress Heights, up 1.5% compared to last year.
- 27 -- The number of all cash sales in Congress Heights in 2020, 22% of total sales.
- 9 -- The average number of days that homes are spending on the market in the neighborhood.
- 2.21 -- The monthly supply of homes on the market in September, down 24% year-over-year.
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See other articles related to: congress heights, congress heights housing market
This article originally published at https://dc.urbanturf.com/articles/blog/fairly-flat-the-congress-heights-housing-market-by-the-numbers/17449.
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