A 20-Year Low: The Number of New Listings in the DC Area Falls To 2003 Levels
✉️ Want to forward this article? Click here.

The number of listings that hit the market in the DC area in July fell to a level not seen in 20 years. The glaring issue was the primary theme in a report on the regional housing market published last week by Bright MLS.
"The number of new listings coming online hit a more than two-decade low and tracked 34.4% below last year’s level," the report stated. "Overall, across the region, there were just 5,731 total active listings at the end of July, down 29.3% from a year ago and less than half of the inventory that was on the market prior to the pandemic."
story continues below
loading...story continues above

The dearth of homes for sale combined with an active pool of buyers is driving home prices up. In July, the median home price in the DC area was $590,000, a 4.8% increase compared to a year ago and the biggest jump since June 2022.
"Detached homes had a much smaller increase (2.0%) in comparison to attached homes (4.6%) and condos (5.7%)," the report stated. "Overall, the median home price in the region is nearly 30% higher than it was in 2019, which has put greater pressure on affordability."
See other articles related to: dc area housing market, dc area housing supply, dc housing inventory, dc housing market, dc housing market trends
This article originally published at https://dc.urbanturf.com/articles/blog/a_20-year_low_the_number_of_homes_for_sale_in_the_dc_area_falls_to_new_dept/21348.
Most Popular... This Week • Last 30 Days • Ever

Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »

In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »

The third phase is a 10-story residential building with approximately 180–233 mixed... read »

Today, UrbanTurf heads down to a portion of Southwest DC to see what large residentia... read »

The late California senator's Spring Valley home went under contract over the weekend... read »
- First-Timer Primer: Virginia's Home Buyer Assistance Programs
- What Are the Annual Maintenance Costs When You Own a Home?
- Map Amendment Looks To Pave Way For Final Phase Of DC's Northwest One Project
- The 6 Big Residential Projects (And Conversions) In The Works For Southwest DC
- Dianne Feinstein's DC Home Finds A Buyer
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro