Chevy Chase Townhome Values are Heating Up!!!

In 20815, the median sold price for Attached/Townhouse properties
for September was $1,765,020, representing an increase of 117.2%
compared to last month and an increase of 13.9% from Sep 2018.
The average days on market for units sold in September was 206
days, 99% above the 5-year September average of 104 days. There
was a 100% month over month decrease in new contract activity with
0 New Pendings; a 100% MoM decrease in All Pendings (new
contracts + contracts carried over from August) to 0, and a 20%
increase in supply to 6 active units.
This activity resulted in a Contract Ratio of 0.00 pending per active
listing, down from 0.20 in August and no change from September
2018. The Contract Ratio is the same as the 5-year September
average of 0.00. 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.

If you are interested in hearing more about your particular Chevy Chase Townhome contact Anthony Beharry, Principal Broker of Exit Deluxe Realty in Chevy Chase MD 301.304.4904