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 of WASHINGTON DC, NORTHERN VA and MARYLAND:
MARYLAND housing market is getting stronger---10.7% appreciation. Reason is due to low inventory of homes for sale in MARYLAND.
WASHINGTON DC has rebounded from negative appreciation toan annual increase of 4.4%.
NORTHERN VIRGINIA market experienced 8.5% annual increase.
Tobin's note: Median price of home today in WASHINGTON DC is $705,000. Same home 12 months ago would have cost $675,000. Increase of $30,000 over 12 months or a monthly increase of $2,500.
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. Almost all Buyers (97%) use Internet in home search process. Newpapers are out!
See below. Buyers usually find Home they are going to buy---through their own Internet searches.
See chart below: WASHINGTON DC (see below). Supply of homes for sale is now at a 2.5 month's supply---which is a healthy number.
See "gold" and "orange" dials below. SUMMARY: BUYER'S Market.
See chart below. Sales are down from last year. Reason for decline---WASHINGTON DC market does not have enough homes for sale.
See chart below. WASHINGTON DC home prices are rebounding from previous 2 months showing decline in home values.
See chart below---by Zip Code and Corresponding City
The 22 zip codes/communities in WASHINGTON DC experienced a "turn-around". Prior months saw a 3% to 4% DECLINE in median sales price. October saw a "turn-around" with a modest 4.4% increase in sale price 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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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)
