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From 57,266 Sales to $34.6 Billion: The DC Area Housing Market in 2020

by UrbanTurf Staff

A home for sale in DC's Kent neighborhood. 

A new report out today from Bright MLS takes a look back at the DC-area housing market last year, perhaps the strongest market on record for the region. 

With 2020 in the rearview mirror, UrbanTurf breaks down a series of numbers that provide a picture of the market last year.

  • 52,766 -- The number of homes that sold in the DC region in 2020, up 3.3% from 2019.
  • $500,000 -- The median home price in the DC region in 2020, the highest price on record. 
  • $34.6 billion --  The total sales volume in the area, up 12% from 2019. 
  • 1.3-1.4 -- The average months of available housing supply in 2020, the lowest average in years.
  • $45 million -- The sales price for the most expensive home sold in the region last year.
  • $71,000 -- The sales price for the least expensive home sold in DC last year.
  • 48% -- The percentage of homes that sold in 10 days or less in DC. 
  • 19% -- The percentage of homes that sold for more than $1 million in DC. 
  • $740 -- The median price per square foot in West End. 

Photo courtesy of HomeVisit.

This article originally published at http://dc.urbanturf.com/articles/blog/from-57266-sales-to-346-billion-the-dc-area-housing-market-in-2020/17733

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