WASHINGTON DC housing stats

HOUSING INVENTORY STATISTICS for
WASHINGTON DC
(All 23 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): DC home prices plunging downward.

  • WASHINGTON DC no home appreciation in past 12 months. Home values are plunging downward.
  • Homes are worth 5.3% LESS than one year ago....yikes!
  • MARYLAND housing market appreciation shot up!
  • 9.9% appreciation versus previous month's 9.2% appreciation.....and rising!
  • Note, inflation is 8.6%. With low inventory of homes for sale---home prices should be at---or higher than inflation.
  • NORTHERN VIRGINIA housing market has appreciated and is now almost same price as Washington DC.
  • Now at 9.5%......Yikes!

  • NOTE: inflation is running at an annual rate of 8.6%. With low inventory, we should expect home prices to at least match the annual inflation rate. Unless you are in WASHINGTON DC market.
Tobin's note: Median price of home today in WASHINGTON DC is $650,000. A 5.3% annual decline.
  • Same home 12 months ago would have cost $686,500.
  • DECREASE of $36,500 over 12 months.
  • You saved $3,042 a month by waiting to buy same home you saw 12 months previously. (Tobin's note, this is 1st time in five years home prices have declined in DC).
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).
See below. Newspaper article when Jimmy Carter was President. ....ouch!
See below. This is true. And also sad.
See below. Gas prices at a 7-11 in California.
See chart below: WASHINGTON DC has high inventory of homes for sale. (Tobin's note, WASHINGTON DC is a Buyer's market). Several months ago, "months of supply) was at "0".
See "gold" and "orange" dials below. SUMMARY: Buyer's Market.

See chart below. WASHINGTON DC home price have plunged. Negative 5.3%
  • Producer price index (PPI) up 10.8%---ouch. PPI is a predictor of future Consumer Price Index rise.
  • CPI (consumer price index) is 8.6%.
  • Tobin's note, WASHINGTON DC has always been overpriced and now with rising interest rates and a slowing economy---"year over year" home prices are now negative. This is not a good time to be selling a home in WASHINGTON DC. It is however, a great time to buy. We know home interest rates are going to continue to rise this year---this is probably the "sweet spot" in timing to buy in WASHINGTON DC.
See chart below. WASHINGTON DC saw a decrease in number of homes sold this year when compared to 2021. Why? Buyer's are sitting on sidelines and are not buying.
See chart below---by Zip Code and Corresponding City
The 23 zip codes/communities in WASHINGTON DC experienced a DECREASE in appreciation of 5.3% in past 12 months.
  • Inflation is 8.6%.
Past monthly, Housing statistics for Northern Virginia, Maryland and DC can be found at: www.DMVhousingStats.com archive goes back several years.






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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 (2022 - 2018)
Cell: (703) 327-6800,
Website: www.SoldBySeven.com,