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20% of Homes in DC Are Listed Above $1 Million

  • October 13, 2015

by UrbanTurf Staff

20% of Homes in DC Are Listed Above $1 Million: Figure 1
A home for sale in Massachusetts Avenue Heights

A report out last week on the San Francisco housing market revealed that 63 percent of the homes on the market in that city are listed for north of $1 million. The DC market hasn’t achieved that level of priciness just yet, but it is getting up there.

Following news earlier this week that home prices in the city have risen 10 percent over the last year, UrbanTurf received data from RealEstate Business Intelligence that shows that 19.6 percent of the homes on the market in DC proper at the end of September were listed above $1 million. Specifically, there are 1,425 listings on the market and 279 are listed for over $1 million.

The percentage of million-dollar homes has risen notably from five years ago when just 12 percent of the for-sale inventory was priced above $1 million.

This article originally published at http://dc.urbanturf.com/articles/blog/20_percent_of_homes_in_dc_are_listed_for_over_1_million/10448

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