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Market Report - Woodridge - Washington, DC - 2015 11
November’s activity shows us a $387,000 Sold price, compared to the five year average of $376,370.  Prices are remaining high in this great little neighborhood.
While the average days on market in this neighborhood has increased, with the average home being sold in 14 days it’s still below the 5 year average of 33.  While this number is perfectly acceptable, it still seems to be taking a little longer to sell in this neighborhood than in other areas of the city.
While the ratio of sold price to original list price is 94.5%, the average for the prior 5 years was 95.6%.  Buyers continue to take what opportunity there is and maximize it. 
Many of these numbers can be viewed as a good market, but with some wiggle room due to buying trends.  It’s not hot, hot, hot….. yet, but again, this will change as buyers exhaust resources in other areas.  Renovation is king here, and soon there will be a spotlight on this neighborhood just like the others.
(data from getsmartcharts)
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