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
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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.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.
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.
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