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.
- $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.
This article originally published at http://dc.urbanturf.com/articles/blog/not-much-to-buy-november-by-the-numbers/19075
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