New Downward Trend in Home Sales for DC Metro Area Real Estate Market

The DC Metro Area market may be experiencing a prolonged pullback, but sales managed an uptick this week of 8.2% to 4,441 homes sold over the last 30 days. The median sales price dropped to $359,000 over the latest reporting period for the DC Metro Area, down from $360,250. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that the DC Metro Area is a seller's market.

If price is the most important factor in your decision, these are some inexpensive homes being listed in the DC Metro Area:

$100K   $100K   $101K  

Get started right now by checking out DC Metro Area homes for sale or reviewing DC Metro Area real estate trends.

Demographic facts for the DC Metro Area:

  • 32 years old is the median age of all the homes in the area.
  • The area gets 15.6 inches of snow a year. (U.S. average: 25)
  • The rating in which jobs are expected to grow is 46. (Scale: 1 = Worst, 100 = Best)
  • Schools spend an average of $6,900 for each student in this area. ($5,691 = national average)

Data reported through 2/9/2017

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