DC Metro Area Real Estate Market Finds Price Cuts Peak

December was the last time there were so many price reductions in the DC Metro Area market, with 5,081 reported over the last 30 days. The market also had 5,324 homes change hands. Fairfax County was the biggest factor, with 807 price reductions on its own. Potential buyers should note that prices went up in the DC Metro Area, with the median for this period rising from $359,900 to $360,250. With just three months of inventory available, the DC Metro Area is still a seller's market, in spite of rising new listings.

Be the first to look at these new listings in the DC Metro Area and you could discover the right home:

$199K   $549K   $404K  

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

Demographic facts about the DC Metro Area:

  • This area has a rating of 53 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • You can expect to pay property taxes at a rate of $11.04/$1,000.
  • The commute times can range from: <15 min (15.9%), 15-29 min (29.8%), 30-44 min (25.5%), 45-59 min (13.4%), >60 min (15.5%).

Data reported through 3/15/2017


Ask a local expert about this area:
Carrington Real Estate Services LLC
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