What is your Petworth Townhouse worth in June 2018?

By
Real Estate Agent with Hollish Hill Group, Keller William Capital Properties

Petworth Townhouse Market Report for June 2018

If you have a townhome in the Petworth neighborhood in Washington DC and you're curious about what it might be worth, or you're trying to decide if now is the time to sell, take a look at what's happening in your market this month. 

 

Petworth TH Stats for June 2018In Petworth, Washington, DC, the median sold price for Attached/Townhouse properties for June was $747,528, representing an increase of 5.8% compared to last month and an increase of 11.6% from Jun 2017. The average days on market for units sold in June was 19 days, 26% below the 5-year June average of 26 days. There was a 14.3% month over month decrease in new contract activity with 24 New Pendings; an 11.4% MoM decrease in All Pendings (new contracts + contracts carried over from May) to 31; and no change in supply with 32 active units.

This activity resulted in a Contract Ratio of 0.97 pendings per active listing, down from 1.09 in May and a decrease from 1.00 in June 2017. The Contract Ratio is 12% lower than the 5-year June average of 1.10. 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.

Petworth Rowhouse

Thinking about selling your Petworth Townhome? 

The Hollish Hill Group has a marketing plan that just brought your neighbor 7 offers in 5 days. Learn how we could put our marketing plan to work for you. 

It's Your Move. Give Us a Call to Get Started.

Posted by

__________________________________________________________________________________________

          Dana Hollish HillDana Hollish Hill

          Principal, Hollish Hill Group, LLC

          Lead Associate Broker, KW Capital Properties - UNW DC

          4646 40th Street NW, First Floor, Washington DC 20016

          202.847.4466  cell  202.271.5301  web hollish.com

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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Great look at the Petworth townhouse market.  Very charming looking homes.

Jul 22, 2018 07:53 PM #1
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Jennell Alexander
Keller Williams Capital Properties - Washington, DC
Real Estate Agent Serving DC and the MD suburbs

Nice report on a thriving neighborhood. Thanks for sharing!

Jul 25, 2018 01:23 PM #2
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