A Chevy Chase DC home that sold in four days.
Despite high prices, there are several neighborhoods in DC where homes continue to sell at a very quick pace.
Looking at data from legal subdivisions around the city, UrbanTurf used the metric for median days on market in 2017 to see which neighborhoods are moving the fastest.
There are now 7 neighborhoods in the city where homes are selling in a week or less:
The neighborhoods where homes are selling the fastest in DC are the Northwest neighborhoods of Chevy Chase, Crestwood and North Cleveland Park, where homes have been selling in under a week, on median, for all of 2017. All three areas have seen sales pace quicken since last year. Rounding out the list where homes are selling in a week are: AU Park, Glover Park, Mount Pleasant and Brightwood.
The fastest moving markets in DC are also some of the most competitive. In AU Park, North Cleveland Park and Chevy Chase, the average sales price to original list price ratio is above 102% for 2017, a sign that homes in these areas are not only selling quickly, but also for above list price.
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_7_dc_neighborhoods_where_homes_are_selling_in_a_week_or_less/12951.
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