Mount Pleasant Remains One of DC’s Most In-Demand Housing Markets

• June 24, 2019

by UrbanTurf Staff

With the early summer housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head over to Mount Pleasant.

For years, Mount Pleasant has been one of DC's in-demand housing markets and that remains the case in 2019. Despite rising home prices, sales volume is up nine percent in the neighborhood compared to last year and the contract ratio was regularly above 1.0 for the first half of 2019, an indication that there is a healthy pool of buyers looking for homes. With just over a month's supply of homes on the market, competition will likely continue for the foreseeable future in Mount Pleasant. 

• $680,000 -- The median price for homes sold in 2019 in Mount Pleasant, up 14 percent from 2018.
• $1.278 million -- The average sales price for a rowhouse with 4+ bedrooms, up 10 percent from 2018.
• 45% -- The percentage of homes that sold in ten days or less this year. 
• 100.3% -- The median sales price to original list price ratio in May. 
• 1.14 -- The months of supply of homes on the market in May. 

Similar Posts:

• High Home Prices, Higher Demand on Capitol Hill
• Pricey, But Competitive: The Chevy Chase DC Housing Market, By the Numbers
• Is AU Park DC's Most Competitive Housing Market?
• Calmer Than Most: A Look at the H Street Corridor Housing Market

This article originally published at http://dc.urbanturf.com/articles/blog/mount-pleasant-remains-one-of-dcs-most-in-demand-articles/15577