Sales of houses and condos in the District were largely lower in December but prices continued to rise and the number of homes listed for sale was up from a year ago.
The Washington housing market continued a familiar yearlong trend in December with prices up, listings down and closed sales lower than a year ago, but there was one bright spot.
The D.C. metro area’s cumulative residential real estate has gained $197.4 billion in value in the last decade, $26.9 billion of it in 2018 alone, but still 5.9 percent, or $56.6 billion less valuable than it was during the last housing market peak.
Prices of houses and condos that sold throughout Northern Virginia, Maryland and the District were largely up in October compared to a year ago, but the number of sales was almost universally down.
Find out what the median prices of condos, co-ops, town houses and single-family homes were in October and how they compared with five years ago.
Home sales are slowing in the Washington region, but prices are still rising, with the median price of a house or condo that sold in the metro last month hitting the highest level for an October in 10 years.
LendingTree ranks the Washington metro area No. 9 for foreign-born homeownership, with a rate of 14.3 percent. The overall homeownership rate in the Washington metro is 63.6 percent.
The number of homes sold in Northern Virginia in September 2018 was down almost 12 percent, and active listings throughout the Northern Virginia region are down 9.3 percent, from September 2017.
Home values rose in the D.C. region in September, but sales slowed and fewer homes were on the market, according to Bright MLS. Find out where prices rose the most.
Lack of inventory, or amount of houses and condos for sale in the District, continues to plague D.C.’s housing market and it’s not getting any better.
Tight inventory in the D.C.-area housing market is not just driving up prices, it is starting to affect appraisals.
The Washington-area housing market continues to suffer from a lack of sufficient listings to meet buyer demand, and what is on the market is getting snapped up fast.
The median price of a house or condo that sold in the Washington metro region in June was $471,000, an all-time high, and up 3.5 percent from June of last year.
Color matters to buyers, and real estate firm Zillow looked through 135,000 photos from homes sold around the country to see how certain paint colors impacted their sale.
Potential homebuyers in Washington may be having better luck finding what they want, be it from more listings or lowered buyer expectations. Closed sales in the Washington metro area last month hit the highest level for an April in a decade.
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