Columbia Heights Market Update! – March 23, 2018

louvivas Columbia Heights Leave a Comment

Hope everyone enjoyed the surprise snow we got this week! Want to give everyone a quick update on what is happening in the real estate market in Columbia Heights!

Market Activity

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In February 2018, overall the total number of closed sales is slightly down from January 2018. The number of closed townhomes that sold is slightly up, but condos/coops and all attached homes are down from last month.

Pricing Trends

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Overall, the prices of homes have gone up since January 2018, but all attached townhomes went down on average about $50,000. Overall home prices have gone up and are still going up, so don’t be discouraged!

Days on Market

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Across the board, the days on market have gone up pretty significantly from January to February 2018 from around 10-30 days on market to 40-50 days on market. I expect these numbers to drop once we get into the heart of the spring market.

I will be back in April with another market update!

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louvivas