Six D.C. Neighborhoods Saw Houses Sell in Under a Week in 2017
In an effort to measure D.C.’s housing market competitiveness, UrbanTurf has looked at how long houses spend on the market, using ShowingTime RBI data.
“A good indicator of the competition level in a housing market stems from the number of days a listing spends on the market before going under contract,” UrbanTurf wrote. Using the median days a home spent listed on the market, UrbanTurf found the top neighborhoods in terms of selling time.
The top two were Crestwood and North Cleveland Park, both with a median of six days on the market. This was a large improvement for Crestwood, which had a 12-day median in 2016. North Cleveland Park only slightly improved, up from a median of seven days on the market last year.
Burleith, Chevy Chase, Garfield, and Mount Pleasant came up next, all four with a median of seven days on the market. The former three improved over last year, up from 12, 11, and 10, respectively. Mount Pleasant remained the same since 2016.
However, D.C.’s market doesn’t stop impressing there. According to UrbanTurf, “eight other neighborhoods were tied for third place with listings selling in a median of 8 days, illustrating the overall competitive nature of home sales throughout the city, from areas as diverse as Shepherd Park to AU Park.”