District of Columbia Real Estate Market Extends Weakening in Contracts

Over the last 30 days, the District of Columbia market had a decrease in home sales with 540. Furthermore, the amount of pending transactions continued to decline, with a total of 543 contracts during the same period. Potential buyers should note that prices are coming down in District of Columbia, and for this period the median sales price slid from $550,000 to $549,000. In spite of contracts trending lower, there are only two months of inventory available, which signals that District of Columbia is a still solid seller's market.

If a home with lots of bedrooms is what you want, then be sure to take a look at these listings in District of Columbia:

$7.8M   $9M   $1.9M  

Get started right now by checking out District of Columbia homes for sale or reviewing District of Columbia real estate trends.

Demographic facts for District of Columbia:

  • The population has increased 5.2% over the past 10 years.
  • This area has a lifestyle rating of 60. (Scale: 1 = Worst, 100 = Best)
  • 37.1% of the residents travel to work in an automobile, 6.5% via carpool, and 37.1% by way of public transit.

Data reported through 1/11/2017


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