Home Prices Remain Steady as Number of Transactions Rise
2015 was a steady year in real estate in Bethesda-Chevy Chase, and NW DC. Across the board we have seen more sellers enter the market place as buyer activity remained strong, leading to stabilizing home prices (with minor to modest value increases).
In Bethesda and Chevy Chase, single family home market, we have seen an impressive 16% increase in the number of single family homes sold, while the average Days on Market went up consistently in 20814, 20815, and 20817. While more supply often means a stronger buyers' market, the average sale price remained virtually the same in all three zips.