With the spring housing market getting into swing, UrbanTurf is continuing its dive into data metrics that could foretell what the climate of the market will be in certain DC neighborhoods. Today, we take a look at which neighborhoods have been garnering multiple bids in the beginning of the year.
Leading the way in the first two months of the year is LeDroit Park where the contract ratio has sat between 200 and 350 percent. This means that for every active listing, properties are receiving, on average, two or more offers. In Congress Heights, a perennial inclusion on this list, the ratio comes in above 200%. Other neighborhoods receiving one or more contracts per listing include Anacostia, Takoma Park, Bloomingdale and Adams Morgan.
For this article, UrbanTurf analyzed advertised subdivisions in DC. Contract ratio compares the total number of homes under contract in a given period to the overall number of active listings. A higher ratio signifies an increase in contracts compared to supply.
This article originally published at https://dc.urbanturf.com/articles/blog/from-ledroit-park-to-takoma-park-dcs-multiple-offer-neighborhoods/15167.
Most Popular... This Week • Last 30 Days • Ever
There are two new proposals to redevelop the center at 14th and U Streets NW that are... read »
A recent build in Anacostia made history as the first code-compliant bamboo building ... read »
The recently-filed amendment would help move redevelopment of a police and fire stati... read »
The Costco apartments; a big investment in redevelopment around FedEx Field; and are ... read »
The breakneck speed at which DC-area apartment rents rose over the last couple years ... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
Why condo fees are high in some buildings and low in others can be a difficult questi... read »
Post Brothers has plans in the works to convert the Universal buildings into a sprawl... read »
Dupont Circle’s Swann House, a former 15-bedroom bed and breakfast, will be listed ... read »
The two-building project will include approximately 825 residential units, 151 lodgin... 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