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
Today, we take a closer look at home insurance.... read »
Monument Realty and Mosaic Realty Partners redevelopment plans for a surface parking ... read »
A new report shows that apartment rents rose ever so slightly in DC over the last yea... read »
Plans to convert a downtown DC office building into a large apartment project continu... read »
Another missing middle development has been proposed along Brookland's main throughfa... read »
- A Look at What is Covered By Home Insurance
- 235-Unit Development With Public Park Pitched For Downtown Bethesda Looks To Move Forward
- A Snapshot Of Apartment Rents Across The DC Area
- 400-Unit Office-To-Residential Conversion Pitched in DC's West End Heads To BZA
- From One Home to 9 Apartments Along Brookland's Main Drag
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