Home Sales Decline in South West Real Estate Market

The South West market pulled back with an 11.8% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 15.3 monthly average with 15 homes sold. In comparison, the Capitol Hill neighborhood had 78 sales in the same time frame, the most of all neighborhoods in the area. The median sales price of all transactions in South West did not budge this week, remaining at $321,000. In spite of the decrease in sales, a low two months of inventory signals that South West is a solid seller's market.

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Data reported through 10/13/2016

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