If you want to get a handle on the DC neighborhoods that have the most competitive housing markets, the median days on market is a good metric to start with, as it shows you where homes are selling the fastest.
Today, UrbanTurf parses the median days on market data for legal subdivisions around the city to see where homes have been selling the quickest in 2018.
The five fastest-moving submarkets are seeing homes sell much quicker than they were in the first four months of 2017 with the exception of Mount Pleasant. Mount Pleasant is the only neighborhood that has been a consistent entrant in the most competitive race and the only neighborhood in the top six where homes are selling slightly slower than they did last year.
Lily Ponds and Anacostia are new to the quick sale race, but their historic housing stock and relatively affordable prices (with median sales prices of less than $330,000) undoubtedly make them attractive to buyers in this high-demand city. Lily Ponds, which sits east of the River between Kenilworth Avenue, Benning Road and East Capitol Street NE, is the only neighborhood in the top six where homes are selling for more than 100 percent of listing price (101.1 percent, to be exact), on average.
An honorable mention, tied with Mount Pleasant with listings selling at a median of 9 days on the market, is the legal subdivision of Old City #1, commonly identified as straddling NoMa and the H Street Corridor between 2nd and 15th Street NE, south of Florida Avenue and north of F Street.
The statistics used for this article are courtesy of ShowingTime RBI based on listing activity from MRIS.
This article originally published at https://dc.urbanturf.com/articles/blog/the-six-dc-neighborhoods-where-homes-are-selling-fastest-in-2018/14097.
Most Popular... This Week • Last 30 Days • Ever
Eights month after a new proposal to redevelop part of the Takoma Metro station was p... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
The development for four parcels at The Yards from Brookfield Properties and the Menk... read »
One of the more prominent features of the project will be a public plaza that will ru... read »
Foxhall is a DC neighborhood bordered by Reservoir Road, Foxhall Road, Glover Park, a... read »
To help home buyers and sellers both novice and seasoned, UrbanTurf is running a seri... read »
As home buyers get the itch to look for a home and start to venture out to open house... read »
The development will replace the 44,700 square-foot retail structure that was previou... read »
Plans for the New York-based eatery appear to be moving forward.... read »
The concept includes 14 lanes for bowling, a 1,200 person concert venue, a craft bar ... 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