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.
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.
Most Popular... This Week • Last 30 Days • Ever
The proposed district would encompass the neighborhood's commercial strip along Conne... read »
WTOP is reporting that The Heights, an eight-stall food hall that is taking over the ... read »
Where new housing is being built; the return of water in Dupont Circle; and a look at... read »
July Residential has filed plans with DC for a four-story, 50-unit apartment building... read »
Capitalization challenges are to blame for the Madison Highland Live/Work Lofts at 70... read »
A new report out this week found that homes in the DC region are selling nearly a wee... read »
Today, we will take a look at the close-in Northern Virginia zip codes where prices h... read »
Hockey players and horse riders, this sprawling Virginia estate may be for you.... read »
DC's Board of Zoning Adjustment approved the requested relief for a planned 32-unit c... read »
When Amazon announced in 2018 that it would be opening a second headquarters in Virgi... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro