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FOCUS ON: WASHINGTON DC HOUSING MARKET |
JULY 2025 |
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Units Sold
616 |
Active Inventory
2,792 |
Median Sale Price
$675,000 |
Days On Market
47 |
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Up 9%
Vs. Year Ago |
Down -3%
Vs. Year Ago |
No Change
Vs. Year Ago |
Up 15%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 616 sold this month in Washington DC Real Estate versus 621 last month, a decrease of 1%. This month's total units sold was higher than at this time last year, an increase of 9% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 87 units or 3%. The total number of active inventory this July was 2,792 compared to 2,879 in July 2024. This month's total of 2,792 is lower than the previous month's total supply of available inventory of 3,207, a decrease of 13%.
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Median Sale Price
Last July, the median sale price for Washington DC Homes was $674,450. This July, the median sale price was $675,000, which is similar compared to a year ago. The current median sold price is 6% higher than in June.
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
821 |
Current Contracts
565 |
Sold Vs. List Price
97.8% |
Months of Supply
4.5 |
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Down -24%
Vs. Year Ago |
Up 7%
Vs. Year Ago |
Down -0.8%
Vs. Year Ago |
Down -11%
Vs. Year Ago |
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Months of Supply
In July, there was 4.5 months of supply available in Washington DC, compared to 5.1 in July 2024. That is a decrease of 11% 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 821 homes newly listed for sale in Washington DC compared to 1,074 in July 2024, a decrease of 24%. There were 565 current contracts pending sale this July compared to 527 a year ago. The number of current contracts is 7% higher than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Washington DC was 97.8% 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 47, higher than the average last year, which was 41, 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. |