DC Metro Area Real Estate Market Sees Price Cuts High

There were 7,773 homes sold in the DC Metro Area market over the last 30 days, continuing an eight-week growth trend. During the same period, the total number of price reductions was 7,107, the most since November. Fairfax County had 1,360 price reductions, making it the top contributor. Potential buyers should note that prices went up in the DC Metro Area, with the median for this period rising from $390,000 to $395,000. With only three months of inventory, the DC Metro Area is still a seller's market, despite the rising price reductions.

These listings in the DC Metro Area recently reduced their price, so be sure to check them out for a potentially great deal:

$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 population density is 997.1 people per square mile.
  • The lifestyle rating for this area is 60. (Scale: 1 = Worst, 100 = Best)
  • 66.6% of the residents commute to work alone in their car, 11.1% via carpool, and 13.5% by way of public transit.

Data reported through 5/10/2017

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