Home | Newsletter | Advertise
loading...

Summer Slowdown: A Look at the DC-Area Housing Market, By the Numbers

  • August 15th 2022

by UrbanTurf Staff

Homes on Capitol Hill.

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. 

  • $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.

See other articles related to: dc area housing market, dc housing market

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.

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. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse