DC Metro Area Real Estate Market Finds Home Sales Low

Hitting a record low dating back to April, 6,233 homes were sold in the DC Metro Area market over the last 30 days. This represents a 1.4% drop and comes on top of a 12-week steady downturn in sales activity. Leading the way in terms of contribution was Fairfax County with 1,101 sales. Prices are rising in the DC Metro Area, and the median sales price this period increased from $361,000 to $364,815. With only three months of inventory to sell, the DC Metro Area is a still seller's market, even after taking into consideration the falling sales numbers.

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Get started right now by checking out DC Metro Area homes for sale or reviewing DC Metro Area real estate trends.

Demographic facts for the DC Metro Area:

  • The population density is 997.1 people per square mile.
  • The lifestyle rating here is 60. (Scale: 1 = Worst, 100 = Best)
  • 66.6% of the residents travel to work in an automobile, 11.1% via carpool, and 13.5% by way of public transit.

Data reported through 10/13/2016

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RE/MAX United Real Estate
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Long & Foster Real Estate, Inc.
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