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

Despite a 1.7% decline in sales over the last 30 days, the DC Metro Area market extended a nine-week hot streak with a total of 7,804 homes sold in that span. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. While sales numbers were strong, the median sales price of those homes came in at $397,000, which extended a price upswing to eight weeks. There are only three months of inventory available in the DC Metro Area, so it's a seller's market, even with the decrease in sales.

Without price being a factor in your decision, these are the top homes being listed in the DC Metro Area:

$23M   $22M   $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:

  • There are 6.3% vacant homes.
  • This area usually gets 207 sunny days each year. (U.S. average: 205)
  • The annual job growth rate is 1.08%.
  • There are 506 students for every librarian. (803 = national average)

Data reported through 5/17/2017


Ask a local expert about this area:
Long & Foster Real Estate, Inc.
Snapped 63 homes in this area
Snapped 640 homes in this area
Long & Foster Real Estate, Inc.
Snapped 48 homes in this area

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©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by Black Knight Financial Services. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy
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