Summer Slowdown: A Look at the DC-Area Housing Market, By the Numbers
Call it the dog days of summer or a reset, but there was little doubt that the housing market in the DC region slowed down in July. Home prices rose at their slowest level in months, as inventory increased and home showings fell about 30% year-over-year. Consequently, the number of days that listings are spending on the market went up in almost every local jurisdiction.
Below, UrbanTurf plucked out some of the more telling statistics from the market last month.
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- $562,766 -- The median price for a home in the DC area in July, up slightly compared to last July.
- 8,101 -- The number of active listings on the market in July, up 16% compared to a year ago.
- 1.32 -- The monthly supply of active listings in the DC region, up 27% compared to last July.
- 111,837 -- The total number of home showings in the region last month, down 30% year-over-year.
- 5,456 -- The number of homes sold in the region, down 27% from July 2021.
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This article originally published at https://dc.urbanturf.com/articles/blog/summer-slowdown-a-look-at-the-dc-area-housing-market-by-the-numbers/19965.
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