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

Comments:

Ask a local expert about this area:
Snapped 555 homes in this area
Coldwell Banker Residential Brokerage
Snapped 25 homes in this area
Snapped 114 homes in this area

Agents that specialize in this area
23 snaps in this area
6 snaps in this area
44 snaps in this area
462 snaps in this area
173 snaps in this area
6 snaps in this area
3 snaps in this area
40 snaps in this area
7 snaps in this area
6 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.