Monday, September 23, 2013

Urban Turf: the ten DC zip codes where homes are selling the quickest (zip code 20001 is #7 on the list)

From Urban Turf -- note that our zip code 20001 is on the list.



The 10 DC Zip Codes Where Home Are Selling the Quickest

For most of 2013, low rates, low inventory and high demand has resulted in homes selling very quickly in many DC neighborhoods.
                  
RealEstate Business Intelligence recently provided UrbanTurf with a rundown of the ten DC zip codes where homes are selling the fastest, year-to-date. As the chart below reveals, homes in the zip codes that include neighborhoods like Capitol Hill, Mount Pleasant and Columbia Heights are near the top, selling (on median) in just over a week. But, selling just as fast, are homes in quieter, more suburban-feeling places like Shepherd Park and Chevy Chase.
                     
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By and large, the same zip codes are represented as when we looked at the quickest selling zip codes back in May.
               
As for the larger DC area, the data reveals that homes are flying off the market in Northern Virginia, particularly areas like Fairfax, Springfield and Arlington. (We limited the chart to those zip codes within a 20 mile radius of the center of DC).
                
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Next week, we’ll take a look at the zip codes where homes are selling the slowest.

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