DC Metro Area Real Estate Market Sees New Listings Low Point

A 17-week downturn continued after the DC Metro Area market recorded 5,677 home sales over the last 30 days. Since the prior period, a record low 6,071 new listings came on, the fewest since February. With a total of 911 new listings, Fairfax County contributed the most. The median sales price climbed to $365,000 over the latest reporting period for the DC Metro Area, up from $364,000. There are only three months of inventory available in the DC Metro Area, and combined with shrinking new listings numbers, it's a seller's market.

If you're looking for a more established home, then be sure to see these listings in the DC Metro Area that were built before most others in the market:

$275K   $945K   $3.9M  

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

Demographic facts about the DC Metro Area:

  • This area has an affordability rating of 31. (Scale: 1 = Worst, 100 = Best)
  • The area gets an average of 42.2 inches of rain each year. (U.S. average: 36.5)
  • The income per capita in this area is $40,024.
  • This area has a school rating of 61. (Scale: 1 = Worst, 100 = Best)

Data reported through 11/16/2016

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Turning Point Realty, LLC
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