The Reset Continues: The August Housing Market in the DC Area, By the Numbers

  • September 13th 2022

by UrbanTurf Staff

The housing market slowdown continued in the DC area in August, led by falling sales and homes spending more time on the market. As a supplement to our article on the state of the market yesterday, we plucked out some of the more telling statistics from the market last month below. 

  • $555,000 -- The median price for a home in the DC area in August, up 3% compared to last August. 
  • 7,285 -- The number of active listings on the market in August, down 5% compared to a year ago. 
  • 1.22 -- The monthly supply of active listings in the DC region, up 8% compared to August 2021. 
  • 107,089 -- The total number of home showings in the region last month, down 27% year-over-year.
  • 5,323 -- The number of homes sold in the region, down 25% from August 2021.

See other articles related to: dc area housing market, dc market trends

This article originally published at https://dc.urbanturf.com/articles/blog/the-reset-continues-the-august-housing-market-in-the-dc-area-by-the-numbers/20073.

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!