You will not find this Real Estate data anywhere else.
WASHINGTON DC housing stats
HOUSING INVENTORY STATISTICS for
(All 22 zip codes/communities)
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 / Eagle Scout.
Quick summary of DMV (DC, MD and VA): MARYLANDandNORTHERN VA appreciation rapidly slowing, but much higher than DC. DC homes are now selling for less than a year ago!
WASHINGTON DC homes are depreciating! In past 12 months home prices have gone down -1.0%.
Previous month showed +3.6% annual appreciation.
MARYLAND housing market appreciation has plunged! Down almost 75% from 2 month's ago. Clearly now a Buyer's market.
Now +2.8% appreciation
Was +8.7% in June
+9.9%appreciation in May.
NORTHERN VIRGINIA housing marketnow BUYER's market. Price increases are slowing down.
Home appreciation now at +4.9%.
+6.1% home price appreciation in June.
+9.5% in May.
Tobin's NOTE:inflation is running at an annual rate of 8.5%. Despite what the Government says---I am seeing a recession in the housing market. Home prices are still increasing, however, annual appreciation has slowed a lot. For the first time in 2 years, my Buyers are able to ask for help with closing costs and we are able to do a full Home Inspection (and ask for repairs).It is becoming a BUYER's market.
Tobin's NOTE: Median price of home today in WASHINGTON DC is $646,000. A -1.0% annual decrease.
Same home 12 months ago would have cost $652,500.
You would pay $542 a month LESS, 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. US home price appreciation is slowing throughout the US. Except in WASHINGTON DC, where prices are lower now than 12 months ago.
See below. Interesting information. Chart shows the inventory of homes for sale is increasing. This is a sure sign of a "buyers market".
See chart below: WASHINGTON DC has highest excess inventory of homes for sale in past 5 years.
See "gold" and "orange" dials below.SUMMARY: Buyer's Market.
See chart below. WASHINGTON DC home price depreciation:
housing inventory continues to increase.
Producer price index (PPI) up 9.8%---ouch. PPI is a predictor of future Consumer Price Index rise.
CPI (consumer price index) is 8.5%.
See chart below. WASHINGTON DC saw a significant decrease in number of homes sold this year when compared to 2021. Why?
buyer's are sitting on sidelines and are not buying
increasing home interest rates
and Buyers expect home prices to continue to decline
See chart below---by Zip Code and Corresponding City
The 22 zip codes/communities in WASHINGTON DC experienced depreciation of -1.0%.
Inflation is 8.5%. Consumer Price Index (CPI)
Producer Price Index is 9.8% (PPI)
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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FALL edition. See below. 24-page FREE booklet on important things to consider when BUYING a home. Click hereto download pdf 24-page booklet. Download is safe.
FALL edition. See below. 23-page FREE booklet on important things to consider when SELLING a house.Click hereto 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® is Veteran Owned and Operated.
Voted Top 8%of all Real Estate Agents in USA (2022 - 2018)