Urban Turf DC post: "Even With Prices Up 24%, Home Buyers Still Flocking to Bloomingdale"

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Even With Prices Up 24%, Home Buyers Still Flocking to Bloomingdale 
July 10, 2019
by Urban Turf staff

With the summer housing market underway, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head over to Bloomingdale.

The Bloomingdale housing market in 2018 was heavily weighted towards condo sales. This year, the market is more balanced between condo and single-family home sales, and that is represented in a significant rise in home prices. Even with the jump in prices, the market has remained in demand and that can be seen in a variety of metrics (contract ratio, months of supply) outlined below. 

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