Sales Down in DC Metro Area Real Estate Market

The DC Metro Area market pulled back this week but was still better than normal as sales fell 7.2% to 8,793 homes sold over the last 30 days. Fairfax County made up the largest percentage, with 1,747 sales on its own. The median sales price climbed to $407,000 over the latest reporting period for the DC Metro Area, up from $405,000. With only three months of inventory to sell, the DC Metro Area is a seller's market, in spite of the dip in sales.

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Demographic facts for the DC Metro Area:

  • The median house value here is $329,100.
  • The area gets an average of 110 rainy days each year. (U.S. average: 100)
  • The area's unemployment rate is 5.4%.
  • The student-to-teacher ratio is 14.0:1. (15.3:1 = national average)

Data reported through 7/13/2017

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Coldwell Banker Residential Brokerage
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