The 5 Most Important Stats From The July Housing Market
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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.
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- $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.
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