The 5 DC Neighborhoods With Less Than a Month's Supply of Homes For Sale
✉️ Want to forward this article? Click here.
This spring, there will be a number of questions about the DC housing market that will determine its trajectory. Will rising prices dampen buyer demand? Will the market swing back in favor of buyers, as a result? And has the city's long-running inventory shortage finally come to an end?
Today, we address (a part) of the last question by looking at the five neighborhoods across DC where the inventory of homes for sale still hovers around a month or less.
In February, the markets in Anacostia and Congress Heights had less than a month’s supply of homes for sale. What that means is that if no new listings came on the market, at current demand levels, the inventory of homes for sale would be zero in a month’s time.
story continues below
loading...story continues above
In AU Park, Chevy Chase DC and LeDroit Park, the market shortage is much more acute. In these areas, there is a two- to three-week supply of homes for sale. To put that in more tangible terms, there are three homes currently for sale in AU Park.
There are plenty more neighborhoods in DC with a low inventory of homes for sale and despite a jump in inventory over the last year, the citywide supply still remains below two months.
This article originally published at https://dc.urbanturf.com/articles/blog/the-5-dc-neighborhoods-with-less-than-a-months-supply-of-homes-for-sale/15151.
Most Popular... This Week • Last 30 Days • Ever
Plans to convert a downtown DC office building into a large apartment project continu... read »
Another missing middle development has been proposed along Brookland's main throughfa... read »
Maybe it was falling interest rates or perhaps more homes hitting the market, but buy... read »
Kite House at The Parks at Walter Reed sold seven residences in September alone. The ... read »
A look at the many reasons that prospective homebuyers seeing varying quotes for a 30... read »
- 400-Unit Office-To-Residential Conversion Pitched in DC's West End Heads To BZA
- From One Home to 9 Apartments Along Brookland's Main Drag
- September Surge? Home Sales Pick Up In DC Area, But It May Not Last
- A No Down Payment Assistance Program at Kite House, DC’s Best Selling Condominium
- Why Am I Seeing Different Rates For A 30-Year Mortgage?
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