DC Metro Area Real Estate Market Extends Growth in Contracts

Sales fell this week to 6,307 homes sold in the DC Metro Area market over the last 30 days. However, a nine-week positive trend for contracts was extended, with 10,389 pending transactions in the same time frame. The median sales price climbed to $381,000, up from last week's $377,000. In spite of the decrease in sales, a low three months of inventory signals that the DC Metro Area is a seller's market.

For the best bang for your buck, check out these listings that recently had significant price cuts in the DC Metro Area:

$12M   $7.8M   $22M  

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:

  • The median age of the population is 36 years old.
  • The health cost index score in this area is 101.3. (100 = national average)
  • Here are some of the distributions of commute times for the area: <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 4/12/2017

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