September Wash Park Stats
Looks Familiar
This year is shaping up to be pretty similar to the last two. Inventory is dropping faster this Fall than it did in the two previous years. Our solds this month are up a bit over last year and our under contracts are down a bit. Altogether, the charts from this year and the prior two look remarkably similar.
One thing that continues to be impressive about this market is the pain in the high end. The highest sale this month was the one that we sold at 947 S. York for $745,000. Those sellers realize that they are selling their home for $30,000 to $40,000 less than they once would have but are moving up and buying at over a $150,000 discount there. They are happy with the combination of the net gain and the low interest rate on the new house. If you know anyone who can make this kind of move, it is a great time to do it.
