Charred Oak Estates - Market Report for March 2021

By
Real Estate Agent with Hollish Hill Group, JPAR Stellar Living

Charred Oak Estates Market Report

Bethesda, MD

March 2021

cherry blossoms of charred oak estates  

Curious about what's going on with real estate in Charred Oak Estates and how the vaccine roll out is impacting home sales?

Let's look at the numbers:

  

As you can see from the charts, the numbers of Sold properties is below the 5-year average, the number of New Pendings is above and the number of Active Listings is below that of the 5-year average. This low inventory is consistent throughout the DC Metro Area. Nothing is sitting on the market.

 

  

March's inventory of homes for sale was a bit lower than the 5-year average with less than one month of inventory on the market. The number of new listings entering the market in January was also slighlty 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 below the 5-year average, but that is because there weren't any closings.  

Wondering how long it might take to sell your home in Charred Oak Estates?

 

  

The Days on Market in March 2021 at 0 days, is faster than the 5-year March average of 24 days. It's difficult to determine if sellers were pricing their homes competitively and whether buyers drove the prices up in March as compared to the 5-year average for the month because there were no sales this 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.

Posted by

______________________________________________________________________

Dana Hollish Hill

Founder, Hollish Hill Group

REALTOR * Broker * Coach 

JPAR Stellar Living

800 S Frederick Ave, Suite 200, Gaithersburg, MD 20877

office 301.944.9070  

cell  202.271.5301

web hollish.com

Comments (4)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Dana. Buying or selling in your market requires the services of a seasoned professional. Thanks for the detailed update. Enjoy your day.

Apr 13, 2021 05:14 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Charred Oak Estates offers buyers & sellers all kinds of opportunities. Those looking for someone to help them with their real estate needs would be wise to give you a call!

Apr 13, 2021 02:07 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Dana and great market report to share with us here in the Rain.  Hope you have a great weekend.

 

Apr 17, 2021 07:58 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

May 04, 2021 06:11 AM

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