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.

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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


Ask a local expert about this area:
Weichert, REALTORS
Snapped 107 homes in this area
Keller Williams Realty
Snapped 423 homes in this area
Snapped 618 homes in this area

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