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| MARCH 2025 | |||
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| Units Sold 511 |
Active Inventory 2,684 |
Median Sale Price $660,000 |
Days On Market 55 |
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| Down -4% Vs. Year Ago |
Up 8% Vs. Year Ago |
Up 2% Vs. Year Ago |
Up 34% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 511 sold this month in Washington DC Real Estate versus 486 last month, an increase of 5%. This month's total units sold was lower than at this time last year, a decrease of 4% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 206 units or 8%. The total number of active inventory this March was 2,684 compared to 2,478 in March 2024. This month's total of 2,684 is higher than the previous month's total supply of available inventory of 2,621, an increase of 2%. |
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Median Sale Price
Last March, the median sale price for Washington DC Homes was $644,000. This March, the median sale price was $660,000, an increase of 2% or $16,000 compared to last year. The current median sold price is 4% higher than in February. 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 1,170 |
Current Contracts 620 |
Sold Vs. List Price 98.8% |
Months of Supply 5.3 |
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| Down -6% Vs. Year Ago |
Down -3% Vs. Year Ago |
No Change Vs. Year Ago |
Up 13% Vs. Year Ago |
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Months of Supply
In March, there was 5.3 months of supply available in Washington DC, compared to 4.7 in March 2024. That is an increase of 13% 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 1,170 homes newly listed for sale in Washington DC compared to 1,241 in March 2024, a decrease of 6%. There were 620 current contracts pending sale this March compared to 638 a year ago. The number of current contracts is 3% lower than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Washington DC was 98.8% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 55, higher than the average last year, which was 41, an increase of 34%. | |||
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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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