Charred Oak Estates - Market Report for October 2021

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

Charred Oak Estates Market Report

Bethesda, MD

November 2021

 

Curious about what's going on with real estate in Charred Oak Estates and colder weather and change in Covid protocols is impacting home sales?

Let's look at the numbers:

  

As you can see from the charts, the numbers of Sold properties is above the 5-year average, the number of New Pending Sales is above and the number of Active Listings is below that of the 5-year average. This low inventory continues to be a challenge throughout the DC Metro Area. Very few homes are sitting on the market.

 

  

March's inventory of homes for sale was a bit higher than the 5-year average with one month of inventory on the market. The number of new listings entering the market in October was also slightly higher than the 5-year average. The uncertainty 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 quite a bit above the 5-year average. To me, there is something wrong with this data because there have not been homes for sale for $256,000 in at least a decade.  .  

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

 

  

The Days on Market in October 2021 at 3 days, is longer than the 5-year October average of 1 day. It's clear that buyers drove the prices up in October 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 (3)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

very nice presentation Dana Hollish Hill - and it was great to see you at the dog park this weekend. 

Nov 29, 2021 12:14 PM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing your market update with us Dana. Buyers & sellers in your area would benefit from your services. Have a great day!

Dec 01, 2021 01:20 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Dana,

Thank you for sharing the real estate information. 

Buyers and sellers in your area will benefit from your expertise. 

Wishing you continued success.

Bob

Dec 03, 2021 03:14 PM