The DC Housing Market Starts Off 2018 Looking A Lot Like 2017
✉️ Want to forward this article? Click here.

The regional housing market in 2018 is, in many ways, continuing the narrative that began in 2017.
Bright MLS's latest monthly report out today shows that regionwide home prices hit a decade high for January, rising by 2.5 percent year-over-year to a median of $399,900. This uptick represented the 16th consecutive month of year-over-year price increases in the DC area.
Despite there being slightly fewer closed sales in January 2018 compared to last January, overall inventory fell by 14.8 percent, making for the lowest number of listings on the market since January 2013. Fairfax was the lone jurisdiction where active inventory rose from year to year.

story continues below
loading...story continues above
DC proper continues to buck the regional trend in one way or another, with median home prices dropping from $528,000 in January 2017 to $505,000 last month. Alexandria was the only other jurisdiction where the median sales price decreased.
However, unlike at other times last year, the drop in home prices in DC didn't coincide with a bump in supply. There were 2.7 percent fewer new listings on the market at the end of January, leaving the overall inventory nearly 10 percent slimmer than it was a year prior.
See other articles related to: bright mls, dc home prices, home prices, median home prices
This article originally published at https://dc.urbanturf.com/articles/blog/prices-down-in-dc-proper-though-supply-down-10-percent/13558.
Most Popular... This Week • Last 30 Days • Ever

DC is a city filled with traditional housing stock, largely made up of colonials, Tud... read »

The developer told ANC 3D this week that he is no longer pursuing apartments at the s... read »

The conversion of the West Heating Plant is moving along, and renderings are now offe... read »

The Knabe House is a 6,900+ square foot brownstone offering a rare blend of historic ... read »

As recent evidence has indicated, May ended up being a pretty busy month for the DC-a... read »
- Unique Spaces: The Roundhouse
- 21-Unit Development Planned For MacArthur Boulevard Nixed Due To Tariffs, Interest Rates
- Renderings Offer Glimpse Inside The Four Seasons Private Residences in Georgetown
- A Gilded Age Masterpiece Hits the Market in Baltimore’s Mount Vernon
- Record Prices, 10,000 Homes For Sale And A Surprising May Market In The DC Area
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