July DC Metro Area - Overview
The Washington D.C Metro Median sales price of $439,900 was up 1.1% or $4,900 compared to last year but was down 3.3% or $15,100 compared to last month. This is the highest July price of the decade.
Sales volume across the DC Metro area was over $2.8 billion, up 6.8% from last year.
Closed sales of 5,157 were up 2.2% compared to last year but were down 16.0% compared to last month.
New contract activity of 5,116 dropped 2.9% compared to last year and 14.2% compared to last month.
New listings of 6,282 were up 0.9% compared to last year.
Active listings of 10,276 are down 6.1% compared to last year and down 2.0% compared to last month. This is the 15th consecutive month of declines in year-over-year inventory levels.
The average percent of orifinal list price received at sale in July was 98.3%.
The median days-on-market for July 2017 was 14 days, three days lower than last year.