Contracts Low Point in DC Metro Area Real Estate Market

There were 5,975 homes sold in the DC Metro Area market over the last 30 days, prolonging an 18-week declining trend. With a dismal 7,352 contracts executed, the lowest amount since February, that trend could progress further. Fairfax County had 1,232 contracts executed, making it the top contributor. The median sales price rose to $370,000 over the latest reporting period for the DC Metro Area, up from $365,000. With just three months of inventory available and sales going up, the DC Metro Area is a seller's market.

Looking for a more classic home in the DC Metro Area? These are older homes currently available in the market:

$275K   $3.9M   $899K  

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 median age of the population is 36 years old.
  • The health cost index score in this area is 101.3. (100 = national average)
  • People in this area have a commute time breakdown of: <15 min (15.9%), 15-29 min (29.8%), 30-44 min (25.5%), 45-59 min (13.4%), >60 min (15.5%).

Data reported through 11/26/2016


Ask a local expert about this area:
Keller Williams Realty
Snapped 137 homes in this area
Allison James Estates & Homes
Snapped 17 homes in this area
Coldwell Banker Residential Brokerage
Snapped 6 homes in this area

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