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| MAY 2025 | |||
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| Units Sold 566 |
Active Inventory 3,113 |
Median Sale Price $710,000 |
Days On Market 38 |
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| Down -18% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 3% Vs. Year Ago |
Up 15% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 566 sold this month in Washington DC Real Estate versus 557 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 18% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 211 units or 7%. The total number of active inventory this May was 3,113 compared to 2,902 in May 2024. This month's total of 3,113 is lower than the previous month's total supply of available inventory of 3,340, a decrease of 7%. |
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Median Sale Price
Last May, the median sale price for Washington DC Homes was $690,000. This May, the median sale price was $710,000, an increase of 3% or $20,000 compared to last year. The current median sold price is 5% lower than in April. 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 1,074 |
Current Contracts 668 |
Sold Vs. List Price 98.8% |
Months of Supply 5.5 |
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| Down -14% Vs. Year Ago |
Up 10% Vs. Year Ago |
Down -1.3% Vs. Year Ago |
Up 31% Vs. Year Ago |
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Months of Supply
In May, there was 5.5 months of supply available in Washington DC, compared to 4.2 in May 2024. That is an increase of 31% 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 1,074 homes newly listed for sale in Washington DC compared to 1,254 in May 2024, a decrease of 14%. There were 668 current contracts pending sale this May compared to 605 a year ago. The number of current contracts is 10% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Washington DC was 98.8% of the average list price, which is 1.3% lower than at this time last year. Days on Market
This month, the average number of days on market was 38, higher than the average last year, which was 33, an increase of 15%. | |||
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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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