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| FEBRUARY 2025 | |||
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| Units Sold 476 |
Active Inventory 2,321 |
Median Sale Price $645,000 |
Days On Market 53 |
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| Down -2% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up 11% Vs. Year Ago |
Up 8% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 476 sold this month in Washington DC Real Estate versus 463 last month, an increase of 3%. This month's total units sold was lower than at this time last year, a decrease of 2% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 88 units or 4%. The total number of active inventory this February was 2,321 compared to 2,233 in February 2024. This month's total of 2,321 is lower than the previous month's total supply of available inventory of 2,390, a decrease of 3%. |
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Median Sale Price
Last February, the median sale price for Washington DC Homes was $580,000. This February, the median sale price was $645,000, an increase of 11% or $65,000 compared to last year. The current median sold price is 17% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 806 |
Current Contracts 461 |
Sold Vs. List Price 98.0% |
Months of Supply 4.9 |
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| Down -22% Vs. Year Ago |
Down -10% Vs. Year Ago |
Down -0.8% Vs. Year Ago |
Up 6% Vs. Year Ago |
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Months of Supply
In February, there was 4.9 months of supply available in Washington DC, compared to 4.6 in February 2024. That is an increase of 6% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 806 homes newly listed for sale in Washington DC compared to 1,030 in February 2024, a decrease of 22%. There were 461 current contracts pending sale this February compared to 510 a year ago. The number of current contracts is 10% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Washington DC was 98.0% of the average list price, which is 0.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 53, higher than the average last year, which was 49, an increase of 8%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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