Glover Park Real Estate Sales Remain Strong

By
Real Estate Agent with Fathom Realty 638456

Glover park Real Estate Sales for attached housing (basically the condo market) is strong for statistics reported for January 2016. 

Glover Park, Washington D.C.

In  Glover Park, Washington D.C., the median sold price for Attached properties for January was $357,000, representing a decrease of 17.7% compared to last month and an increase of 43.4% from Jan 2015. The average days on market for units sold in January was 83 days, 50% above the 5-year January average of 55 days. There was a 20% month over month decrease in new contract activity with 8 New Pendings; a 10% MoM increase in All Pendings (new contracts + contracts carried over from December) to 11; and a 14.3% increase in supply to 16 active units. This activity resulted in a Contract Ratio of 0.69 pendings per active listing, down from 0.71 in December and an increase from 0.63 in January 2015. The Contract Ratio is 28% lower than the 5-year January average of 0.95. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

 

Glover Park, Washington D.C. has tons of great restaurants and shops to visit. It's very walkable and is a pleasant place to live. Confused about where exactly Glover Park is? Here's a boundary map to clear things up:

Glover Park, Washington D.C. Map

 To search all homes in Glover Park, Washington D.C. click on the highlighted text. If you need buyer representation please contact: Rich Thomas of Keller Williams Realty at 240-463-3706. 

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Richard Thomas

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