Home Sales Decline in DC Metro Area Real Estate Market

The DC Metro Area market remained cold this week as sales slid 11.3% to land at 4,298 homes sold over the last 30 days. Fairfax County made up the largest percentage, with 739 sales on its own. Prices are rising in the DC Metro Area, and the median sales price this period increased from $363,000 to $365,000. 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 affordability rating is 31. (Scale: 1 = Worst, 100 = Best)
  • The average precipitation is 42.2 inches per year. (U.S. average: 36.5)
  • The income per capita in this area is $40,024.
  • The school rating is 61. (Scale: 1 = Worst, 100 = Best)

Data reported through 1/26/2017

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Ask a local expert about this area:
Keller Williams Realty
Snapped 137 homes in this area
Weichert, REALTORS
Snapped 20 homes in this area
Long & Foster Real Estate, Inc.
Snapped 43 homes in this area

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