WASHINGTON DC

HOUSING INVENTORY STATISTICS for
WASHINGTON DC
AUGUST 2021

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 housing market. Home property prices are crashing in DC. In past 12 months, median price of a home has only gone up 0.4%. Dramatic change from past few months where we saw 15% to 18% annual appreciation. And that is 0.4% of 1 per cent, which is almost no annual increase. Now is a great time to buy---not a good time to sell.
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).

NOTE: If you would like someone else to automatically receive my Monthly Housing Statistics Reports for NORTHERN VIRGINIA, MARYLAND and DC---just reply to this email with their name and email address.
Tobin's note: You would have to save $187 a month ($2,245 total) to buy same home you saw 12 months ago. 0.4% annual increase---which is almost no increase. Note---we are not seeing any slow down in the MARYLAND or NORTHERN VIRGINIA housing market.

Great time to buy in WASHINGTON DC.
See chart below:
WASHINGTON DC(see below). Number of Homes for sale is increasing and number of "active listings (gold dial) is at a 5 year high).
See "gold" and "orange" dials below. SUMMARY: BUYER's Market.


See chart below. 1st time in many years that home sales are down from previous year.
See chart below. Days on Market (DOM) a property is for sale before going under contract is still low---by historical standards.
See chart below. Rents are rising faster and faster. You have to live somewhere---why not own the property you live in?
See chart below---by Zip Code and Corresponding City
The 23 zip codes/communities in WASHINGTON DC saw only a very small increase in value--- 0.4% increase in home sale median values in past 12 months, Median price of homes hardly went up at all in past .

Note, median home values that went up or down by 30%+ are shown in red.
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 new high quality 30+ page magazine. Download pdf of latest magazine.
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)
Cell: (703) 327-6800
Website: www.SoldBySeven.com,
Veterans/Military Housing Info: https://VeteransHomeChannel.com