Housing Market Update: Prices at or near record highs, market activity is elevated with closed and p


  • The Washington D.C. Metro median sales price of $405,000 was up 1.3% or $5,100 compared to last year but was down 5.8% or $25,000 compared to last month. This is the highest September price of the decade.

  • Sales volume across the DC Metro area was nearly $2 billion, down 2.2% from last year.

  • Closed sales of 4,040 were down 3.4% compared to last year and down 20.4% compared to last month.

  • New contract activity of 4,809 was up 2.5% compared to last year.

  • New listings of 6,972 were up 2.8% compared to last year and were up 18.3% from last month.

  • Active listings of 10,903 are down 1.8% compared to last year but up 10.6% compared to last month. This is the 17th consecutive month of declines in year-over-year inventory levels.

  • The average percent of original list price received at sale in September was 97.6%.

  • The median days-on-market for September 2017 was 20 days, four days lower than last year.

RECENT POSTS

ARCHIVE

KEEP IN 
TOUCH

6363 Walker Lane Suite 130. Alexandria, VA 22310

Cell 1: 703-554-9004

Cell 2: 202-374-7393

Email: JustGetJohnny@Gmail.com

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon
  • White LinkedIn Icon