New Upward Trend in Home Prices for DC Metro Area Real Estate Market

While home sales in the DC Metro Area market have been above average, in this week's report there were 8,291 homes sold over the last 30 days. Fairfax County, which is part of the DC Metro Area, had the most home sales within the area, with 1,644. Prices were able to climb as this week's reported median sales price of $401,000 continued a 12-week upswing. In spite of the decrease in sales, a low three months of inventory signals that the DC Metro Area is a seller's market.

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Demographic facts for the DC Metro Area:

  • This area has an affordability rating of 31. (Scale: 1 = Worst, 100 = Best)
  • The area gets 42.2 inches of rain a year. (U.S. average: 36.5)
  • The average income per capita is $40,024.
  • The school rating is 61. (Scale: 1 = Worst, 100 = Best)

Data reported through 6/15/2017

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