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 DMV (DC, MD and VA):
MARYLAND housing market is slowing down---7.2% appreciation versus previous 10.7% appreciation. Reason is due to low inventory of homes for sale in MARYLAND.
WASHINGTON DC is rebounding. Current appreciation is 6.6%. This is huge increase from two months ago when DC experienced negative appreciation.
NORTHERN VIRGINIA market experienced 7.1% annual increase.
Tobin's note: Median price of home today in WASHINGTON DC is $725,000. Same home 12 months ago would have cost $680,000. Increase of $45,000 over 12 months. You would have to save $3,750 each month 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).
Archiveof past monthly reports for Northern VA, Maryland and DC.
See below. Great visual graphic which explains how inflation affects the cost of wood in building homes. Wow!
See below. Interesting info. Average American will stay in their home for an average of 8 years. This is down from an average of 10 years in 2019/2020.
See chart below: WASHINGTON DC (see below). Supply of homes is rising. Previously home supply was at a 5-year low. Now around a 3-year low.
See "gold" and "orange" dials below. SUMMARY: BUYER's Market.
See chart below. WASHINGTON DC home prices are increasing again. Previous months had shown negative annual appreciation. Now 6.6% annual appreciation.
See chart below. WASHINGTON DC saw a decrease in number of homes sold this year when compared to 2020. Why? Not enough inventory of homes to buy.
See chart below---by Zip Code and Corresponding City
The 22 zip codes/communities in WASHINGTON DC experienced an increase in appreciation.
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.comarchive 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 pdfof latest magazine.
NEW WINTER 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 WINTER 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)
