What's Hot: The Most Expensive Home In Chevy Chase Will Hit The Market For Just South Of $10 Million
The Takoma Park Housing Market, By the Numbers
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UrbanTurf is taking its annual look at the neighborhood housing markets around the DC region. Today, we head over to Takoma Park.
A lack of homes for sale in the Maryland neighborhood just outside DC has resulted in a lower volume of sales in 2020 compared to last year. However, there is a lot of competition for the homes that are on the market (see contract ratio below), and that competition has pushed prices up.
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Below UrbanTurf plucked out several other interesting stats about the Takoma Park market.
- $519,950 -- The median home price in Takoma Park, an increase of 17% compared to 2019.
- 1.27 -- The months of supply of homes for sale in the second quarter of 2020, down 24% compared to last year.
- 99 -- The number of homes sold in the neighborhood this year, down 29% compared to last year.
- 1.26 -- The contract ratio for the neighborhood in the second quarter, up 31% compared to the second quarter of 2019.
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See other articles related to: takoma park, takoma park housing market
This article originally published at https://dc.urbanturf.com/articles/blog/the-takoma-park-housing-market-by-the-numbers/17233.
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