The Cleveland Park market closed in on its 12-month sales average this week with 16 homes sold over the last 30 days. In comparison, the Columbia Heights neighborhood had 42 sales in the same time frame, the most of all neighborhoods in the area. Potential buyers should note that prices are coming down in Cleveland Park, and for this period the median sales price slid from $462,500 to $430,750. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Cleveland Park is a solid seller's market.
If you're looking for a home with a large living area, then be sure to see these listings that provides more space than any other in Cleveland Park: