The following analysis of the Washington, D.C. Metro and Baltimore Metro Area housing markets has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on January 2018 Bright MLS housing data.
DC Metro Area - Overview
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Washington D.C Metro's January median sales price of $399,900 was up 2.5% or $9,900 compared to last year, the 16th consecutive month of year-over-year price increases. Price were down 4.8% compared to last month.
Closed sales of 2,974 were down 1.3% compared to last year and were 23.5% below last month.
New contacts of 3,956 were down 0.1% compared to last year but were up 19.4% compared to last month.
New listings of 4,232 were down 6.8% compared to last year but were up a seasonal 51.2% from last month
Active listings of 6,155 are down 14.8% compared to last year and down 8.6% compared to last month. This is the 21st consecutive month of declines in year-over-year inventory.
The average percent of original list price received at sale in January was 96.9% down from last year's 97.0%.
The median days-on-market for January 2017 was 30 days, four days lower than last year.