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 https://dc.urbanturf.com/articles/blog/not-much-to-buy-november-by-the-numbers/19075.
Most Popular... This Week • Last 30 Days • Ever
The change would allow for an 80-acre portion of DC's 272-acre Armed Forces Retiremen... read »
The Capitol Hill home has been listed for sale that has a number of serious security ... read »
The new residential project adds to a growing pipeline of development on the boards i... read »
Today, UrbanTurf looks at what we think will be the metrics that will determine the d... read »
Located in the heart of Shaw, Intersect at O includes five elevator townhomes. The fi... read »
With interest rates reaching their highest levels in 22 years, it is critically impor... read »
Long-term interest rates are at their highest level in decades, but a new forecast pr... read »
The Church of the Epiphany has filed plans with the city to demolish the rear portion... read »
Just before the holiday, UrbanTurf is taking its semi-annual look at the neighborhood... read »
Plans have been filed with DC's Historic Preservation Office to convert the building ... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... 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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro