What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
From 57,266 Sales to $34.6 Billion: The DC Area Housing Market in 2020
✉️ Want to forward this article? Click here.
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.
story continues below
loading...story continues above
- 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.
See other articles related to: dc area home prices, dc area housing market, dc area market trends, dc home prices, dc housing market, dc housing prices
This article originally published at https://dc.urbanturf.com/articles/blog/from-57266-sales-to-346-billion-the-dc-area-housing-market-in-2020/17733.
Most Popular... This Week • Last 30 Days • Ever
When you buy a home in the District, you will have to pay property taxes along with y... read »
The largest condominium building in downtown DC in recent memory is currently under c... read »
The plan to convert a Dupont Circle office building into a residential development ap... read »
The Rivière includes just 20 homes located on the eastern banks of the Anacostia Riv... read »
Why Tyra Banks is serving ice cream in DC; a bike shop/record store opens in Adams Mo... read »
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