The 4 DC Neighborhoods With Very Few Homes For Sale
✉️ Want to forward this article? Click here.
On Friday, UrbanTurf looked at three real estate metrics that might determine the trajectory of the fall housing market in the DC area. One of those charts focused on the inventory of homes for sale (or lack thereof). Today, we dive a little deeper, examining the DC neighborhoods where the supply shortage is particularly acute.
story continues below
loading...story continues above
For the second quarter of the year, the markets in American University Park, North Cleveland Park and Takoma had essentially a three week'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 few week's time. Chevy Chase DC offers a bit more breathing room with a six-week supply of homes for sale.
The supply of homes for sale in Washington, DC came in above two months, higher than it has been in recent quarters, but still well below the six-month benchmark that is illustrative of a balanced market between buyers and sellers. The greater DC region, however, continues to feel the inventory pinch, as active homes for sale dropped off 20 percent in August.
See other articles related to: dc housing inventory, dc housing market
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the-4-dc-neighborhoods-with-a-six-week-supply-of-homes-for-sale/15886.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf takes a look at the options DC homeowners and residents have to take advant... read »
Last week, UrbanTurf took a look at the Maryland suburbs with the highest home price ... read »
The National Geographic Society has big plans for its downtown DC campus.... read »
Add another new retailer to the growing list of openings in the neighborhood.... read »
In April, the Mount Vernon Triangle neighborhood of DC will welcome Claret: one of th... read »
- A Solar Panel Primer for DC Residents
- The 6 Northern Virginia Zip Codes With Highest Home Price Appreciation in 2024
- National Geographic To Open Museum, 400-Seat Theater In Downtown DC
- Huckberry Plans To Open Georgetown Store
- A First Look At The Amenity-Rich, Luxury Condominium Coming Soon to Downtown DC
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