November 2018 Housing Market Update: Signs of a cooling housing market in Washington D.C. and Baltim

  • The Washington D.C. Metro area had a November median home price of $449,900, up 5.9% or $24,900 from last November. This was, by far, the highest November level of the decade. Prices were also up 5.5% or $23,425 from last month.

  • Sales volume across the DC Metro area was nearly $2 billion, down 9.1% from last year.

  • November closed sales of 3,602 were down a significant 11.8% compared to last year, the fourth consecutive month of declining year-over-year sales.

  • New pending sales were also down, but by only a slight 0.8% to 4,215.

  • New listings compared to last year were nearly flat at 4,319.

  • Active listings compared to last year rose for the second month in a row, up 2.1% to 8,812.

  • The average percent of original list price received at sale in November was 97.4%, the same as last year.