WASHINGTON DC housing stats

HOUSING INVENTORY STATISTICS for
WASHINGTON DC
(All 23 zip codes/communities)

You will not find this information anywhere else. Median sale price of homes by Zip Code and City. Data from MLS. Prepared by TOBIN SEVEN, Principal Broker / Army Veteran / Eagle Scout.
Quick summary of DMV (DC, MD and VA): MARYLAND and NORTHERN VA appreciation rapidly slowing, but much higher than DC. WASHINGTON DC home prices continue to slide and it is actually cheaper to buy now---than one year ago.

  • WASHINGTON DC homes are depreciating! In past 12 months, home prices have become negative. Buyer's market. In other words it is cheaper to buy now than buying the same house you saw 12 months ago! Ouch.........
  • Today -0.1%
  • July -1.0%
  • June +3.6%
  • May -5.3%

  • MARYLAND housing market appreciation edging upward. Clearly now a Buyer's market. Below are annual appreciation rates.
  • Today +4.4%
  • July +2.8%
  • June +8.7%
  • May +9.9%
  • NORTHERN VIRGINIA housing market now BUYER's market. Price increases are slowing down. Last 3 months around 5% annual appreciation
  • Today +5.3%
  • July +4.9%
  • June +6.1%
  • May +9.5%

  • Tobin's NOTE: inflation is running at an annual rate of 8.3%. Despite what the Government says---I am seeing a recession in the housing market. Home prices are still increasing, however, annual appreciation has slowed a lot. For the first time in 2 years, my Buyers are able to ask for help with closing costs and we are able to do a full Home Inspection (and ask for repairs). It is becoming a BUYER's market.
Tobin's NOTE: Median price of home today in WASHINGTON DC is $650,000. A -0.1% annual decrease.
  • Same home 12 months ago would have cost less at $649,250.
  • You would pay $62.50 a month LESS, to buy same home, you saw 12 months previously.
TOBIN SEVEN, Principal Broker, Army Veteran.
Licensed in Virginia, Maryland and DC. Eagle Scout
SEVEN REAL ESTATE ASSOCIATES
Veteran Owned and Operated. 
Cell (703) 327-6800
Below, are links to useful Housing information. For DMV (DC, Maryland and Virginia).
See below. Very few foreclosures today. Lots of foreclosures during 2008/2009 housing crisis. See further below for explanation of why we are seeing few foreclosures.
See below. Today, lending standards are a lot more stringent than during the 2008/2009 housing crisis. This is why few foreclosures today.
See below. Forbes Magazine states "lending standards are tighter" today and that is why there will be fewer foreclosures than 2008/2009 housing crisis.
See chart below: WASHINGTON DC has growing inventory of homes for sale. And "closed sales"---in green---are at a 5-year low.
See "gold" and "orange" dials below. SUMMARY: Buyer's Market.

  • See chart below. WASHINGTON DC home prices are falling. Depreciation is causing homes to be cheaper now---than a year ago!
  • Producer price index (PPI) up 8.7%---ouch. PPI is a predictor of future Consumer Price Index rise.
  • CPI (consumer price index) is 8.3%.
See chart below. WASHINGTON DC saw a significant decrease in number of homes sold this year when compared to last year, 2021. Why?
  • buyer's are sitting on sidelines and are not buying
  • increasing home interest rates
  • and Buyers expect home prices to continue to decline
See chart below---by Zip Code and Corresponding City
The 23 zip codes/communities in WASHINGTON DC experienced depreciation of -0.1%.
  • Inflation is 8.5%. Consumer Price Index (CPI)
  • Producer Price Index is 8.7% (PPI)
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.com archive goes back several years.






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FALL edition. See below. 24-page FREE booklet on important things to consider when BUYING a home. Click here to download pdf 24-page booklet. Download is safe.
FALL edition. See below. 23-page FREE booklet on important things to consider when SELLING a house. Click here to download pdf 20-page booklet. Download is safe.
Regards,
TOBIN SEVEN, Principal Broker (Realtor) / Army Veteran --- Licensed in Virginia, DC and Maryland. Eagle Scout.
SEVEN REAL ESTATE ASSOCIATES® is Veteran Owned and Operated.
Voted Top 8% of all Real Estate Agents in USA (2022 - 2018)
Cell: (703) 327-6800
Website: www.SoldBySeven.com,