The Chevy Chase market will be getting less crowded in the coming weeks. Sales rose this week to five homes sold over the last 30 days, and there is a budding downward trend in the number of new listings, with two going live in the same time frame. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. As the amount of new listings trended lower, prices went the opposite direction with the median sales price setting a three-month high at $950,000. The rising prices, along with the fact that there is a lower-than-normal one month of inventory, drive home the fact that Chevy Chase is a strong seller's market.
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