Competition is stiff when it comes to DC real estate, especially in such locations as Alexandria and Arlington. Both were recently named among the nation’s “most competitive” cities for housing markets.
The ranking comes from Redfin. The real estate site used its Redfin Compete Score to rate the level of difficulty buyers experience in finding a home based on things like the number of competing offers and on waived contingencies.
The compete score also takes into account how fast homes go under contract and how much homes sell above list price. Both Arlington and Alexandria received an RCS score of 96, meaning buyers face the highest level of competition in the nation. The two cities tied with Grand Rapids, Michigan.
As for Arlington and…