What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
The DC-Area Housing Market in March, By the Numbers
✉️ Want to forward this article? Click here.
The latest housing report out today for the DC area shows the continued trend of rising home prices and dropping sales in the region. However, pending sales numbers were up in March, an indication that buyer demand may be starting to outweigh rising prices.
Below, UrbanTurf picked out a number of relevant numbers and statistics from the MarketStats by ShowingTime report.
story continues below
loading...story continues above
- $450,000 -- The median home price in the region in March, marking the 30th consecutive month of year-over-year price increases.
- $310,000 -- The median home price in the region in March 2010, 45 percent lower than the current median price.
- $579,250 -- The median home price in Alexandria in March, a 24 percent increase over March 2018.
- 10% -- The drop in closed sales in the region compared to last March.
- 9.2% -- The increase in pending sales in DC in March.
- 26 -- The median number of days that homes spent on the market in March.
- 6,799 -- The number of active listings on the market in the region, down 9.7 percent compared to last year.
- 7.3% -- The increase in supply in DC proper, the only jurisdiction to see inventory increase.
- 98.5% -- The average percent of original list price received at sale in the region, the highest March level in a decade.
- 100.1% -- The average percent of original list price received at sale in Alexandria, the highest for a local jurisdiction in March.
This article originally published at https://dc.urbanturf.com/articles/blog/the-dc-area-housing-market-in-march-by-the-numbers/15249.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
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