DC Metro Area Real Estate Market Sees Home Sales Decline

The DC Metro Area market slowed this week but was still better than normal as sales fell 3.9% to 8,457 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 1,646. The median sales price in the DC Metro Area stayed put this week at $400,000. In spite of the decrease in sales, a low three months of inventory signals that the DC Metro Area is a seller's market.

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Demographic facts about the DC Metro Area:

  • The median age of all homes is 32.
  • The average snowfall is 15.6 inches per year. (U.S. average: 25)
  • The rating in which jobs are expected to grow is 46. (Scale: 1 = Worst, 100 = Best)
  • This area has an average school expenditure per student of $6,900. ($5,691 = national average)

Data reported through 6/29/2017

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Keller Williams Realty
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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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