The metro D.C. market has softened a bit, and we think ultimately 2018 is going to look a lot like 2017. But there are plenty of hot spots where sellers have lots of leverage.
One of the tools we use to identify those hots spot is absorption rates, simply the percentage of homes on the market that are going under contract every month. And we take that to a very local level because we know how different markets conditions can be from area to area. As a reminder, we segment absorption rates this way:
What are the hottest areas, property types and price ranges? All of these have absorptions rates of 60% or more over the last four months:
Want to know how your neighborhood is doing? Give us a call!
McEnearney Blog — Absorption rates (August 2018): What’s hot, what’s not