Sales fell this week to 16 homes sold in the 20017 zip code market over the last 30 days. However, a three-week positive trend for contracts was extended, with 33 pending transactions in the same time frame. As contracts trended higher, prices have been falling. The median sales price dropped to $447,500, extending a four-week long spiral. With only two months of inventory to sell, the 20017 zip code is still a solid seller's market, even after taking into consideration the falling prices.
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