Cathedral Heights currently leans toward sellers, with the market gauge at 34 indicating a modest seller’s advantage. Months of supply sit around 5.5 in this rolling three-month view, slightly above the broader Washington level of 4.6. Even so, buyers still have more options than in past years as conditions gradually balance out.
Inventory has expanded notably over the past year, with active listings up more than 25 percent and new listings showing a smaller but positive year-over-year gain. Homes are taking much longer to sell than a year ago, with the median days on market rising sharply to about three months, signaling that buyers have more time to make decisions. At the same time, the share of homes selling above list price is under 10 percent and the average sale-to-list ratio is just over 97 percent, reflecting more negotiation room than in earlier, hotter markets.
Prices in Cathedral Heights have softened compared with last year, with typical home values down nearly 10 percent year over year even as median list prices have climbed by double digits. Despite this, sales activity has strengthened, as homes sold in this rolling three-month window are up roughly 35 percent from a year ago. Given these mixed signals, both buyers and sellers in Cathedral Heights can benefit from Agent Pronto’s help connecting with a local agent who understands these shifting dynamics.
