Scant Supply, Popping Prices: The February Housing Market, By the Numbers
✉️ Want to forward this article? Click here.
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.
story continues below
loading...story continues above
story continues below
loading...story continues above
- $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.
Most Popular... This Week • Last 30 Days • Ever
This week’s Best New Listings includes two homes that are classic examples of listi... read »
This article discusses the variety of rental restrictions that may exist in condomini... read »
Today, UrbanTurf takes a look at the office-to-residential conversions on the boards ... read »
The new project is just the latest affordable development to move forward in DC.... read »
The beautiful four-story property, with three renovated units offering more than $200... read »
- Best New Listings: Classic In Takoma Park; Charming In AU Park
- Understanding Rental Restrictions in Condominiums
- A Look At The 9 Office-To-Residential Conversions On The Boards in DC
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Elegant Dupont Circle Rowhouse, Boasting Huge Rental Income Potential, Hits the Market
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