What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
Records All Over: The October Housing Market, By the Numbers
The October housing market in the DC region was characterized by prices, specifically record home prices. From DC to Alexandria, prices across the region reached new highs last month, but as has been the case for most of the year, the rising prices are not dampening enormous buyer demand.
Below, UrbanTurf plucked out some of the more telling statistics from the October market.
story continues below
loading...story continues above
- $510,000 -- The median home price in the DC region in October, the highest level on record for the region.
- $675,000 -- The median home price for DC in October, the highest on record for the city.
- $1.1 million -- The median home price for single-family homes in October, the highest on record in DC.
- 24% -- Increase in home sales in the region between October 2019 and October 2020.
- 15 -- The number of neighborhoods in DC where the median home price exceeded $1 million in October.
- 1.53 -- The months of supply of active listings in October, a 17 percent year-over-year drop.
- 7 -- The median number of days that homes spent on the market in the region in October.
See other articles related to: dc area housing market, dc area market trends, dc home prices, dc housing market
This article originally published at https://dc.urbanturf.com/articles/blog/records-all-over-the-october-housing-market-by-the-numbers/17530.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
A new hotel has been pitched for a development site in Mount Vernon Triangle that has... 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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro