What's Hot: Whole Foods at Walter Reed to Open at End of June | Will This Be the DC Area's First $60 Million House?
Putting on the Brakes: The 5 Most Important Stats From the June Housing Market

June will be remembered as the month in 2022 when the DC-area housing market hit the brakes.
Pending home sales fell by at least 10% in every local jurisdiction last month, a clear sign that high interest rates and the highest home prices on record for the region are pushing homebuyers to the sidelines. As sales declined, the supply of homes for sale is up almost everywhere in the DC region. In DC proper, there are 20% more homes for sale compared to the same time last year.
Below, UrbanTurf plucked out some of the more telling statistics from the market last month.
story continues below
loading...story continues above
- $598,000 -- The median home price in the DC region in June, just below the all-time record set earlier this year.
- $775,000 -- The median home price for a detached house in the region, also just below record levels.
- 1.19 -- The months of supply of active listings in the DC region, up 7% compared to last year.
- -24% -- The drop in pending home sales compared to June 2021.
- 125,000 -- The total number of home showings in the region last month, down 25% year-over-year.
See other articles related to: dc area home prices, dc area housing market, dc area housing supply, dc area market trends, dc housing market
This article originally published at https://dc.urbanturf.com/articles/blog/putting-on-the-brakes-the-5-most-important-stats-june-housing-market/19882.
Most Popular... This Week • Last 30 Days • Ever

A look at the larger residential developments in the works from Cardozo to Mount Vern... read »

The Heights, a ten-stall food hall that is taking over the spaces formerly occupied b... read »

A piece of legislation quietly introduced in the House of Representatives earlier thi... read »

Whole Foods announced yesterday that the 47,000 square foot store will open on June 2... read »

Developer EYA and the Washington Metropolitan Area Transit Authority will go before D... read »
- The 9 Developments and 1,250 Units in the Works For Shaw
- Friendship Heights Food Hall Could Open This Month
- Will This Proposed Bill Increase the Number of Homes For Sale?
- Whole Foods at Walter Reed to Open at End of June
- 435-Unit Development Planned For Takoma Metro Station Looks For Historic Approval
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. Visit guides.urbanturf.com or 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