The housing market in the DC region last month was marked by two things: record prices for certain property types and very low inventory. The low supply of homes for sale continues to be the primary theme of the market, affecting everything from sales to prices to competition. Below, UrbanTurf plucked out some of the more telling statistics from the market last month.
- $530,000 -- The median home price for a townhouse in the DC region in February, the highest price on record.
- $1.27 million -- The median price for a detached single-family home in Arlington, up 33% compared to last year.
- 0.6 -- The months of supply of active listings in the DC region.
- 102% -- The average sale price to original list price ratio in Loudoun County.
- 4,210 -- The number of homes sold in the region, down 14% from February 2021
- 7 -- The median number of days that homes spent on the market in the region in February.
This article originally published at https://dc.urbanturf.com/articles/blog/scant-supply-popping-prices-the-february-housing-market-by-the-numbers/19395.
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