Home | Newsletter | Advertise
loading...

Under Two Weeks: The Speed At Which Homes Are Selling in DC

  • November 12th 2015

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

Under Two Weeks: The Speed At Which Homes Are Selling in DC: Figure 1
A condo in DC that sold in 24 hours.

Homes in DC proper are selling at least twice as fast as properties in the suburbs, and Corey Hart of RealEstate Business Intelligence recently published a chart that illustrates the stark contrast.

In October, homes were selling in DC in a median of 11 days. Arlington and Alexandria followed with a median days on market of 23 days, and the numbers just headed up from there: 27 days in Prince George’s County and 38 days in Montgomery County. The numbers were more even in September and October, but as the chart above reveals, DC proper remained the place where homes sold markedly quicker.

The rapid pace at which homes have been going under contract in the city is no limited to October; for the last eight months, the median days on market in DC has been under 14 days.

A quick search of the RBI database reveals that there are 15 neighborhoods in DC where homes are selling in ten days or faster. Cleveland Park, Mount Pleasant and AU Park lead the way with a median days on market of a week or less for all of 2015.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/a_look_at_how_much_faster_homes_are_selling_in_dc/10579.

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse