The highly popular neighborhood of Logan Circle has been having a heyday for the past few years with surging prices and plummeting days on market, but the numbers for the past few months could show early signs of a slowdown.

Looking at the chart above, four of the past five quarters had median sales prices that were lower than the same time period in 2014.

Furthermore, just looking at the shape of the graph it looks like the price bubble has come back down to earth.

Usually steady price decreases are a result of increasing inventory, but that isn’t the case here. Logan Circle has showed a remarkably steady pipeline of the same number of homes entering the market each year.

Rest assured, there is still healthy demand for Logan Circle. Days on market are routinely under the two week mark and closed sales prices are usually at or above the asking prices. These are all signs of strong activity, so there is no need to worry about a crisis in the making. But the early warning signs suggest things have softened when it comes to price points.

Are there any agents out there who have seen the same thing happening? If so, we would love to know what you think the reason is.

Are other city hotspots taking the place of Logan Circle’s popularity? Are the lines at that Whole Food just too long? Another reason? Let us know in the comments.

Corey Hart is the Senior Product Manager and data analyst at RealEstate Business Intelligence, a subsidiary of MRIS. 

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription