From LeDroit Park to Takoma, DC's Multiple Offer Neighborhoods
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.
story continues below
loading...story continues above
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
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
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. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro