The Petworth market showed no signs of halting a three-week downward contraction, with a record low eight homes sold in the last 30 days. Sales showed a 27.3% drop from the prior period, returning to a low not seen since April. In comparison, the Catholic University-Brookland neighborhood had 55 sales in the same time frame, the most of all close-by neighborhoods. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price rose to $637,000 this week.
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