Home | Newsletter | Advertise
loading...

The 5 Most Important Stats From The July Housing Market

  • August 22nd 2024

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

4906-40TH.jpg
A Hyattsville home that came on the market in July.

Our recent look at the July housing market in the DC region focused on the increasing supply of homes for sale in the DC region, and the property type largely responsible for that increase. Today, we look at some of the other interesting metrics at play in the market. 

For example, while prices still remain near record highs for the region, closed sales are up notably compared to the middle of last summer. Below we plucked out some of the more telling statistics from last month's market. 

  • $625,000 -- The median price for a home in the DC area, an increase of 5% compared to last year.
  • 7,341 -- The number of active listings in July, up 28% compared to a year ago. 
  • 42% -- How much condo inventory increased since last July. 
  • 10% -- The increase in sales compared to July 2023. 
  • 1.82 -- The months of supply of homes on the market in the region. 

Photo by Bayshore Creative, Inc. 

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

This article originally published at https://dc.urbanturf.com/articles/blog/the_5_most_important_stats_from_the_july_housing_market/22628.

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