DC Metro Area Real Estate Market Sees Sales Increase

The DC Metro Area market got positive news in this week's report, as the number of sales went up to 6,110 homes sold over the last 30 days. Fairfax County was the most popular part of the DC Metro Area, with 1,054 homes sold. Prices are rising in the DC Metro Area, and the median sales price this period increased from $377,000 to $378,000. With only two months of inventory and rising sales, the DC Metro Area is a definite seller's market.

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Demographic facts for the DC Metro Area:

  • There are 6.3% vacant homes here.
  • The area gets an average of 207 sunny days each year. (U.S. average: 205)
  • The annual job growth rate is 1.08%.
  • The student-to-librarian ratio is 506:1. (803:1 = national average)

Data reported through 12/28/2016

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