7 ZIP Codes Selling in 7 Days (or Less)
Jun
2012Question: What do these 7 ZIP Codes have in common?
Logan Circle/20005, Alexandria/22308, Herndon/20171, Reston/20194, Del Ray/22301, Westover/22205, Friendship/20015
Answer: Half the homes sold in May were on the market less than a week.
Question: How much of the original list price were homes sold in less than 10 days receiving at sale?
Answer: Most of it (or more)
Question: How do prices in these areas compare with the DC Metro Region?
Answer: The median sale price is higher in every one of these ZIP codes than the regional level.
Question: How fast do buyers looking these ZIP codes need to act?
Answer: PDQ.
To illustrate, the charts below show the number of new listings entered vs. the number of new contracts.
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