Charred Oak Estates Market Report
Curious about what's going on with real estate in Charred Oak Estates and how the pandemic has impacted home sales?
Let's look at the numbers:
As you can see from the charts, the numbers of Sold properties and the number of New Pending properties for January is above the 5-year average while the number of Active Listings is below that of the 5-year average. This low inventory is consistent throughout the DC Metro Area.
January's inventory of homes for sale was a bit lower than the 5-year average with no months inventory on the market. The number of new listings entering the market in January was above the 5-year average. The uncertaintly around the pandemic may be part of the reason.
Are you curious about what your home is worth?
In the last graph above you'll notice the median sales price is above the 5-year average.
Wondering how long it might take to sell your home in Charred Oak Estates?
The Days on Market in January 2021 at 13 days, was not as fast as the 5-year January average of 3 days. It also appears that sellers were pricing their homes competitively and the buyers drove the prices up this January as compared to the 5-year average for the month.
If you'd like to discuss how these numbers impact the value of your home in Charred Oak Estates, just give me a call. I'm happy to meet with you. I live right in the neighborhood. Just let me know when you would like to meet.
Thinking about buying a home in Charred Oak Estates? Just give me a call at 202-271-5301 to Get Started.