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
Harry Wardman is responsible for developing huge swaths of northwest DC, from row hou... read »
The neighborhoods where prices have risen the most have one thing in common.... read »
UrbanTurf reached out to a local economist to see which direction home prices are hea... read »
Here are some precautions to take before buying real estate with a buddy.... read »
Intersect at O includes five dramatic elevator townhomes, designed for luxury living.... read »
With interest rates reaching their highest levels in 14 years, it is critically impor... read »
Before deciding to build an addition to your rowhouse, find out whether you'll need t... read »
A stately five-bedroom Woodley Park house has been home to not one, not two, but thre... read »
A look at the residential projects in the works within a block or two of Dave Thomas ... read »
The most active developer in the Union Market has more plans on the boards.... 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. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro