Home | Newsletter | Advertise
loading...

Record Prices, Little Inventory: The DC Area Market in August, By the Numbers

  • September 11th 2019

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A DC home that sold in August

New month, same story. 

The latest housing report out today for the DC area shows the continued trend of high home prices and scarce supply in the region. 

“The DC Metro Area remains hot, recording its highest August median pricing in a decade at $465,000," Chris Finnegan, Vice President at Bright MLS said. "Not surprisingly, Arlington and the Amazon Effect led the way with a median sales price of $635,000, an increase of 12.4 percent year-over-year."

Below, UrbanTurf picked out a number of relevant numbers and statistics from the Bright MLS report. 

  • $465,000 -- The median home price in the region in August, up $22,750 year-over-year and the highest August level in a decade. 
  • 98.6% -- The average percent of original list price received at sale in the region, a ten-year high.
  • 7,743 -- The number of active listings on the market in the region, down 20 percent compared to last year. 
  • 52% - The drop in inventory in Arlington County since last August. 
  • 3.1% -- The drop in closed sales in the region compared to last August. 

This article originally published at https://dc.urbanturf.com/articles/blog/record-prices-little-inventory-the-dc-area-market-in-august-by-the-numbers/15866.

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse