Supply Side: The 5 Most Important Statistics From the DC-Area Housing Market in June
✉️ Want to forward this article? Click here.

While the supply of homes for sale was the main story in the June housing market in the DC area, there were other themes at play as well, albeit all tied to inventory. Home sales fell last month, but the year-to-year gap in sales activity is narrowing, and had there been more homes on the market, sales would've been more robust. The transactions that were happening were occurring quickly: homes on the market were going under contract in just a week.
Below we plucked out some of the more telling statistics from last month's market.
story continues below
loading...story continues above
- $600,000 -- The median price for a home in the DC area in June, up slightly compared to June 2022.
- 5,452 -- The number of new listings to come online in June, down 40% compared to last June.
- 5,419 -- The number of closed sales in June, a 18.5% drop.
- 1.35 -- The months of supply of homes on the market in June.
- 7 -- The median number of days that homes spent on the market in June in the region.
Photo Courtesy of Will Hinostroza
See other articles related to: dc area housing market, dc area housing supply, dc housing market, dc housing market trends
This article originally published at https://dc.urbanturf.com/articles/blog/supply_side_the_5_most_important_statistics_from_the_dc-area_housing_market/21252.
Most Popular... This Week • Last 30 Days • Ever

Reports over the last week have suggested that a flood of homes hit the market as the... read »

The development pipeline in the Tenleytown and AU Park neighborhoods has dwindled in ... read »

Long-term rates have now fallen incrementally for the last few weeks.... read »

Homes in the works that have price tags as high as $11 million are finding buyers at ... read »

Amazon's return to the office has been messy; why homes are being pulled off the mark... read »
- The DC Area Is Not Seeing A Surge Of Homes Hit The Market Due To Federal Layoffs
- Stalled Or Full Steam Ahead: The 3 Developments In The Tenleytown and AU Park Pipeline
- Mortgage Rates Inch Down For 4th Week In A Row
- Some Of DC's Most Expensive Homes Are Finding Buyers Before They Are Built
- Friday's Must Reads
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro