Market Report - 20001 - Washington, DC NW (Logan--Shaw) 2023 02

Real Estate Agent with RLAH / @properties DC / MD / VA


[Logan Circle Homes This is the neighborhood in Washington, DC.  Everyone wants live here, or to come here to eat and enjoy the city.

Logan Circle is the quintessential NW DC neighborhood.  It simply looks and feels right, without the attitude one finds with the usually older & more established NW neighborhoods.

Penn Quarter, closer to downtown/ Penn. Ave., has the nightlife, clubs and Capital One Arena.

Shaw is the place to be and the neighborhood has a great feel of new & old woven together.


As we swing into spring, we are seeing a nice rebound from the market contraction we saw at the end of the year.  Weather can affect housing and February numbers of sold vs. the previous month have started to increase again for a total of 41 homes sold in February 2023. This month we are again below the 5 year average of 52, but moving into spring, we are starting to see numbers increase as expected; interest rates have stabilized and fallen slightly, so we are seeing the market pick up again, at least for now.  Buyers will continue to buy and sellers will continue to sell, so we will watch to see if this trend will continue.  We can't predict all the changes, so we'll just have to watch the market for cues. 

Currently there are 116 homes on the market, a few less again than the previous month; and still below the 5 year average of 128. With this ratio, we are a little less than last month at  1.9 Months of Supply, which is about the same as last month and again almost equal to the 5 year average of 2.0 months; this number still continues to remain low and indicates strong demand in this neighborhood even with the challenges we've faced the previous several years.  That continues to indicate the desirability of this neighborhood and expected upward pressure on pricing. 

Activity in February shows us strong jump in sold price from the previous month to $850,000, and finally more than the five year average of $733,400.  Prices have continued this up and down movement because of COVID and increasing interest rates, but it's nice to see some movement up after a few down months. 

The average home was sold in 73 days.  This is nearly the same as last month, so we can't complain, though movement down would be nice. We are still higher than the 5 year average of 40 days. Again, this is a slower month, but either way, those who were looking for a home didn't take long to decide.  We'll just have to watch the next month. 

The ratio of sold price to original list price is 99.4%, barely any wiggle room for buyers, so almost the same as the 5 year average was 99.5%.   This still remains a wonderful neighborhood to call home.

This neighborhood bears little resemblance to that of even a decade ago, even as it struggles to maintain reminders of it's role in local history, and yes, this is a favorite among people who want to 'feel' their living in Washington, DC. This zip code ranked #24 in Washingtonian Magazines Great Places To Live 2019 issue, which ranked the 100 priciest zip codes in the greater Washington DC metro area.

(data from getsmartcharts; photo from

Posted by

Claude Labbe, Realty for Your Busy Life

Real Living | At Home
11 Dupont Circle #650
Washington, DC 20036
(202) 518-8781 bus / (703) 868-7774 mobile


Comments (5)

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

You are writing here about one of my favorite parts of the city - thanks for updating us! 

Mar 29, 2023 02:22 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Claude always great to see you posting, miss our interactions Endre

Mar 29, 2023 09:55 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:


Enjoyed your blog page, and I added you as a

friend. I would love the follow back. Bill

Mar 30, 2023 07:23 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Washington D.C. home buyers and sellers are certain to value your real estate market report, Claude.

Mar 31, 2023 01:49 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

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


Apr 04, 2023 10:01 AM