What's Hot: Barnes and Noble Returns To Georgetown Next Week | How An Unmarried Couple Buys A Home Together
Selling in a Week or Less
✉️ Want to forward this article? Click here.
Listings really are flying off the market in some parts of the DC area.
According to data compiled by RealEstate Business Intelligence (RBI), the outlet that analyzes the regional housing market, more than half the homes sold in May in seven DC area zip codes — covering Logan Circle, Del Ray, Herndon, Alexandria, Reston, Westover and Friendship Heights — were on the market for less than 7 days.
From the graphs presented, it looks like the median number of days that homes spent on the market in these areas has been dropping steadily over the past few months, reaching a low in May. Additional data revealed that these fast-selling homes fetched right around the asking price, and that the median sales price in each zip code was significantly higher than in the region as a whole.
The takeaway? If you want a home in one of these areas, you probably will have to make a decision very quickly. But if you’ve been reading this site for the past several months, you already knew that. For the full analysis, check out the RBI post.
The area that RBI analyzes includes DC, Montgomery County, Prince George’s County, Alexandria City, Arlington County, Fairfax County, Fairfax City, and Falls Church City.
See other articles related to: dclofts, realestate business intelligence
This article originally published at https://dc.urbanturf.com/articles/blog/selling_in_a_week_or_less/5697.
Most Popular... This Week • Last 30 Days • Ever
Estate taxes, also known as inheritance taxes or death duties, are taxes imposed on t... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... read »
The map and text amendment applications that were filed with the Commission last Octo... read »
- What Are Estate Taxes and How Do They Work?
- How An Unmarried Couple Buys a Home Together
- The Cliffs in McLean Sells For $25.5 Million, Highest Home Sale In DC Area In Years
- 110-Unit Condo Project Planned in Alexandria Coming Into Focus
- The Zones That Could Lead To More Development in Chevy Chase Set To Go Before Zoning Commission
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