$290K  
In this week's report, the number of homes sold in the Georgetown market dropped to 26 over the past 30 days, a decrease of 3.7% from last week's report, but still above the monthly average. On the other hand, the close-by Adams Morgan neighborhood registered 35 homes sold in those same 30 days, the most of all surrounding neighborhoods. Prices found a bottom with the median sales price falling to $927,000, a nine-month low. There are only two months of inventory available in Georgetown, so it's still a definite seller's market, despite the falling prices.
Comments:

$2.2M  
Sales in the Georgetown market rose to 27 homes sold over the past 30 days, even though the number of sellers reducing their listing price is still in the midst of a downward trend with 19 price reductions in the same time frame. The median sales price climbed to $1,280,000 over the latest reporting period for Georgetown, up from $1,127,500. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that Georgetown is a seller's market.
Comments:

Georgetown is a neighborhood in Washington, DC. It's very affluent and the cost of living is very expensive compared to the rest of the city, with a median income of $115,433 per household and cost of living adjustment score of 214.9. Georgetown is made up of homes that are considered older than most with a median of 73 years. The top schools in the neighborhood are Hyde Elementary School, City Collegiate Pcs, and Ellington School of the Arts.
Comments:

$14M  
Over the last 30 days, a budding downward trend of new sellers coming into the Georgetown market continued, with 20 listings in this week's report. Meanwhile, sales fell, with 22 homes selling during the same period. There are four months of inventory remaining in Georgetown, and the market is swinging toward the buyer, especially since the median sales price dropped to $1,127,500 this week.
Comments:

$6.9M  
While home sales in the Georgetown market have been above average, in this week's report they dropped 11.5% to 23 homes sold over the last 30 days. In comparison, the Adams Morgan neighborhood had 41 sales in the same time frame, the most of all neighborhoods in the area. There are four months of inventory remaining in Georgetown, and the market is swinging toward the buyer, especially since the median sales price dropped to $1,505,000 this week.
Comments:

$17M  
The Georgetown market is entering a cooling off period. While sales continued a three-week positive trend, bringing this week's numbers up to 26 homes sold over the last 30 days, new listings are at the lowest they've been since January. In comparison, the Adams Morgan neighborhood had 38 new listings in the same time frame, the most of all close-by neighborhoods. Furthermore, a three-week upward trend in sales is expected to come to an end over the coming weeks. The median sales price climbed to $1,612,500, up from last week's $1,527,500. With sales trending lower and only three months of inventory, Georgetown is a seller's market.
Comments:

$1.2M  
With a new downward trend of new sellers listing homes, including 24 over the last 30 days, and sales that remained flat at 30 in that same time frame, the Georgetown market will be cooling. Potential buyers should note that prices went up in Georgetown, with the median for this period rising from $1,480,000 to $1,527,500. There are only three months of inventory available in Georgetown, so it's a seller's market, even if sales are flat.
Comments:

$5M  
The number of home sales in the Georgetown market climbed 3.7% to 28 homes over the last 30 days. Within the same time frame, the Dupont Circle neighborhood had 32 sales, the most of all neighborhoods in the area. The median sales price climbed to $1,480,000, up from last week's $1,340,000. With only three months of inventory and rising sales, Georgetown is a seller's market.
Comments:

With 13,071 residents, Georgetown is the fifth-most populated neighborhood in Washington, DC. Also, with 15,562.3 people per square mile, it has a higher than average density in comparison to other parts of the city. Keep in mind, 46.5% of the homes in Georgetown are owned, while 42.9% are rented. The best schools in the neighborhood are Hyde Elementary School, City Collegiate Pcs, and Ellington School of the Arts.
Comments:

$6.9M  
The Georgetown market looked active in this week's report, as the number of home sales climbed 23.8%, pushing the total to 26 homes sold over the last 30 days. To put it in perspective, the close-by Dupont Circle neighborhood registered 33 homes sold in those same 30 days, the most of all surrounding neighborhoods. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price climbed to $1,332,500 this week.
Comments:
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