DC Metro Area Real Estate Market Sees Sales Fall

In this week's report, the number of homes sold in the DC Metro Area market dropped to 5,300 over the past 30 days. It marked a decrease of 9.6% from last week's report and another period below the monthly average. Fairfax County was the most popular part of the DC Metro Area, with 883 homes sold. Potential buyers should note that prices are coming down in the DC Metro Area, and for this period the median sales price slid from $370,585 to $370,000. In spite of the decrease in sales, a low three months of inventory signals that the DC Metro Area is a seller's market.

Don't like waiting to use a bathroom in your own home? Check out these wonderful listings that offer the most bathrooms in the DC Metro Area:

$995K   $7M   $2.5M  

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:

  • The average elevation is 328 feet.
  • The median income is $83,140 per household.
  • The student-to-counselor ratio is 317:1. (513:1 = national average)

Data reported through 1/11/2017

Comments:

Ask a local expert about this area:
RE/MAX United Real Estate
65 reviews
Pearson Smith Realty, LLC
Snapped 238 homes in this area
Keller Williams Realty Centre
Snapped 12 homes in this area

Agents that specialize in this area
190 snaps in this area
103 snaps in this area
27 snaps in this area
35 snaps in this area
521 snaps in this area
387 snaps in this area
65 snaps in this area
14 snaps in this area
17 snaps in this area
32 snaps in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.