Rhawnhurst Real Estate Market Extends Downward Trend in Home Prices

The Rhawnhurst market slowed with a 12.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (19.1) with 22 homes sold. In comparison, the Oxford Circle neighborhood had 56 sales in the same time frame, the most of all neighborhoods in the area. The median sales price continued to fall, trending downwards for four weeks to reach $166,400. In spite of the falling prices, a low two months of inventory signals that Rhawnhurst is still a strong seller's market.

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Demographic facts about Rhawnhurst:

  • The average age of the population is 43 years old.
  • The health cost index score in this area is 109.3. (100 = national average)
  • Here are some of the distributions of commute times for the area: <15 min (15.9%), 15-29 min (31.4%), 30-44 min (23.6%), 45-59 min (17.9%), >60 min (11.2%).

Data reported through 10/13/2016

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