Home | Newsletter | Advertise
loading...

Supply Side: DC-Area Housing Inventory Rises to 2019 Levels

  • February 15th 2023

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

For years, the lack of homes for sale was a primary theme in the DC area housing market. That is changing. 

The inventory of homes for sale in the region is steadily increasing, up 43% compared to a year ago and approaching levels not seen since 2019. 

"Supply is still very low in the DC area housing market, but in some local markets, buyers are finding more options than they have had in more than three years," Bright MLS wrote in its January report. 

supply-side.jpg
The inventory of homes for sale around the DC area. Click to enlarge.

In DC proper, supply is up 56%, but in some areas, the increase has been more substantial. For example, in Montgomery County, supply is up 87%, while in Prince George's County, it has risen nearly 107%.

The increase in supply is a little imbalanced when it comes to property type. In many markets, the condo inventory is more than double what is what prior to the pandemic. In contrast, the supply of single-family detached homes in the area is less than half of what it was three years ago.

This article originally published at https://dc.urbanturf.com/articles/blog/supply_side_dc-area_housing_inventory_rises_to_2019_levels/20633.

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

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