What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
Not Much to Buy: The November Housing Market, By the Numbers
The housing market in the DC region last month was marked by two things: record prices and plummeting inventory. Despite the high prices, the number of homes that went under contract was up markedly compared to November 2020. In the region, however, there was less than a month's supply of homes on the market for people to choose from.
Below, UrbanTurf plucked out some of the more telling statistics from the market last month.
story continues below
loading...story continues above
- $725,000 -- The median home price in DC in November, the highest price on record for the city.
- $1.479 million -- The average price for a detached single-family home in DC, up 28% compared to last year.
- 100% -- The median sales price to list price ratio in the region.
- 127,522 -- The total number of home showings in the region in November.
- 0.87 -- The months of supply of active listings in the DC region in November.
- 11 -- The median number of days that homes spent on the market in the region in November.
Photo courtesy of Trish Hamilton Photography.
See other articles related to: dc area housing market, dc area market trends, dc home prices, DC real estate
This article originally published at https://dc.urbanturf.com/articles/blog/not-much-to-buy-november-by-the-numbers/19075.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
A new hotel has been pitched for a development site in Mount Vernon Triangle that has... 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