WASHINGTON DC

HOUSING INVENTORY STATISTICS for
WASHINGTON DC
JULY 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. Dramatically slowing down. Homes are barely appreciating and are on market longer before they sell. Still a SELLER's market, but rapidly changing to a BUYER's market. See details below.
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).




Short 1 minute video on major reasons why you want to Own your own HOME.





See right. As a Home Owner--you build equity. As a Renter--you own nothing and build no equity. Info comes from the Federal Reserve.



See left. As a Home Owner you build equity which is "wealth". The average Home Owner in 2010, already had equity of $203,850---which now has grown to $254,000 in wealth. These numbers come from the Federal Reserve.
Tobin's note: You would have to save $1,042 a month ($12,500 total) to buy same home you saw 12 months ago. 2.0% annual increase. Note---we are seeing DC housing market slow down, alot.

Why wait to buy? See statistics below that confirm the $12,500 increase in median home price in past 12 months
See chart below:
WASHINGTON DC (see below). Number of Homes for sale is at a historic low.
See "gold" and "orange" dials below. SUMMARY: SELLER's Market.


See chart below. 1st time in many years that home sales are down from previous year.
See chart below. Median sold price is up only 2.0% in past 12 months. Homes in WASHINGTON DC are on the market for 11 days before being sold! Note, home appreciation is slowly rapidly and homes are on the market longer, in DC.
See chart below---by Zip Code and Corresponding City
The 23 zip codes/communities in WASHINGTON DC saw a 2.0% increase in home sale median values in past 12 months, Median price of homes went UP from $640,000 to $652,500. Housing market is slowing down.

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 SUMMER 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 SUMMER 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