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.
Quick summary WASHINGTON DC housing market. For the 1st time in many years the median price of a home in WASHINGTON DC cost less now than it did 12 months ago. DC home prices are crashing. Median price of home went DOWN 4.2% from this time last year. Great time to buy!
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 map below. WASHINGTON DC. Why rent when you can buy? Rental rates are up almost 10% in past 12 months. In face, rental rates are up 9.3% and home prices are down 4.2% in past 12 months.
Tobin's note: Median price of home today in WASHINGTON DC is $612,500. Same home 12 months ago would have cost $639,000. Decline of $26,500 over 12 months or a monthly decline of $2,208.33.
See chart below:
WASHINGTON DC (see below). Large number of Homes for sale (active listings) is increasing and "months of supply" is high (at almost 4-year low).
See "gold" and "orange" dials below. SUMMARY: BUYER'S Market.
See chart below. Closed Sales are down significantly from last year. Reason for decline---WASHINGTON DC market has gotten too expensive for many buyers.
See chart below. Shocking news! WASHINGTON DC home prices have FALLEN 4.2% in past 12 months.
See chart below. Great definition of "appraisal" and "inspection".
See chart below---by Zip Code and Corresponding City
The 23 zip codes/communities in WASHINGTON DC are reporting a large decrease in value. Home depreciation was 4.2% in past 12 months.
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.comArchive goes back several years.
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NEW 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.
NEW FALL edition. See below. 20-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 LLC is Veteran Owned and Operated.
Voted Top 8%of all Real Estate Agents in USA (2021 - 2018)
