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): WASHINGTON DC homes prices have been basically flat for past 12 months. I expect in the next few months for MARYLAND home prices to turn negative. NORTHERN VIRGINIA home prices are the strongest in the DMV .

  • WASHINGTON DC homes are depreciating! In past 5 months, home prices have been negative---3 out of 5 months. Buyer's market. In other words it is cheaper to buy now than buying the same house you saw 12 months ago! Ouch.........
  • Now +1.1%
  • August -0.1%
  • July -1.0%
  • June +3.6%
  • May -5.3%

  • MARYLAND housing market appreciation is at lowest level in past 12 month. Clearly now a Buyer's market. Below are annual appreciation rates.
  • Now +2.1%
  • August +4.4%
  • July +2.8%
  • June +8.7%
  • May +9.9%

  • NORTHERN VIRGINIA housing market now mixed market. Price increases are increasing. Seller's market.
  • Now +6.4%
  • August +5.3%
  • July +4.9%
  • June +6.1%
  • May +9.5%

  • Tobin's NOTE: inflation is running at an annual rate of 8.2%. 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.

  • Social Security. An indication of inflation---Social Security recipients will receive a 8.7% increase in 2023.
Tobin's NOTE: Median price of home today in WASHINGTON DC is $619,500. A +1.1% annual increase.
  • Same home 12 months ago would have cost less at $612,500.
  • You would pay $583 a month MORE, 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. Rent in WASHINGTON DC ranks as 8th highest in all of US. Wow.....

See below. There are very few foreclosures today---compared to the Housing Crisis of 2008/2009. And we should not expect to have many foreclosures. Answers as to why are in 2 slides---below.
See below. Supply of homes is low compared to 2008/2009. There is not an excess inventory of homes for sale.
See below. Stricter Lending Standards today are preventing a repeat of the Housing Crisis in 2008/2009. The Government actually did something right!
See chart below: WASHINGTON DC supply of homes for sale, continues to increase. Now at 10 year high! (Tobin's note, in past 5+ years of doing this report for VA, MD and DC---never seen such excess inventory).
See "gold" and "orange" dials below. SUMMARY: Buyers market.

  • See chart below. WASHINGTON DC home prices have been basically FLAT for past 12 months. Only 1.1% increase in past 12 months.
  • Producer price index (PPI) up 8.5%---ouch. PPI is a predictor of future Consumer Price Index rise.
  • Was 8.7% last month
  • CPI (consumer price index) is 8.2%.
  • Was 8.3% last month.
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 appreciation of +2.1%.
  • Inflation is 8.2%. Consumer Price Index (CPI)
  • Producer Price Index is 8.5% (PPI)
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.com archive goes back several years.






NEW. See to the right. Looking for recipes of food to make? Latest home improvement and designer tips? 6 times a year, Tobin offers a high quality 30+ page magazine. Download pdf of latest magazine. Download is safe.
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,