DC Metro Area Real Estate Market Sees Sales Down

The DC Metro Area remained below its 12-month average sales volume this week as sales slid 14.8% to hit 5,238 homes sold over the last 30 days. Fairfax County, which is part of the DC Metro Area, had the most home sales within the area, with 943. Potential buyers should note that prices are coming down in the DC Metro Area, and for this period the median sales price slid from $370,000 to $365,000. There are only three months of inventory available in the DC Metro Area, so it's a seller's market, even with the decrease in sales.

Trying to find a home in the DC Metro Area that offers more bedrooms? Then check out these listings that provide the most bedrooms in the area:

$189K   $9M   $649K  

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:

  • 32 years old is the median age of all the homes in the area.
  • The area gets an average of 15.6 inches of snow each year. (U.S. average: 25)
  • This area has an anticipated job growth rating of 46. (Scale: 1 = Worst, 100 = Best)
  • Schools spend an average of $6,900 for each student in this area. ($5,691 = national average)

Data reported through 12/1/2016

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