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Glen Echo Heights Real Estate-Bethesda 20816 Real Estate
Glen Echo Heights Market Report - October 2010 How's The Market?
Glen Echo Heights, Bethesda Real Estate:
If we look at the data for Glen Echo Heights real estate on a yearly basis, so many of the signs are good right now: days on market are down, list to sale ratio (what sellers get of their asking price) is up and median price is up when we compare to how last year ended. On a month to month comparison all those arrows pointing downward don't look so great! Unless those numbers become a persistent trend though, it's better to look at the data over the longer term.
Last year there were 30 sales in the neighborhood of Glen Echo Heights but this year with only 16 sales completed, 4 homes under contract and what is currently active it's not likely that we'll see that many sales again. As I write this it's mid- November and I would not anticipate that much more inventory coming on before spring. But for a well priced home that has found the sweet spot in both price and condition, the buyers out this time of year are very serious.
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