Buying in Washington, DC popular neighborhoods
The most competitive neighborhoods for buyers in DC are scattered throughout the city. In Randle Heights, a neighborhood just east of the Anacostia River, and Shaw there were three listings under contract for every active listing in March. Chevy Chase DC remains a competitive housing market in upper NW with a contract ratio of 2.0 in March and about a three-week supply of homes on the market. Takoma and 16th Street Heights might not be garnering the offers of other neighborhoods, but both neighborhoods are seeing homes selling for above list price in 2018 and have just about a month's supply of homes on the market.
Given the drop in home sales for the beginning of the spring season, this year might not be as hot for the DC housing market as 2017, but the neighborhoods above are not the only areas where buyers will experience bidding wars. Mount Pleasant, AU Park, Glover Park and Burleith are among other areas where homebuyer competition is likely to remain moderate to high for the remainder of the year.