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| JANUARY 2025 | |||
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| Units Sold 450 |
Active Inventory 2,166 |
Median Sale Price $552,500 |
Days On Market 59 |
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| Up 23% Vs. Year Ago |
Up 7% Vs. Year Ago |
Down -9% Vs. Year Ago |
Up 4% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in January, with 450 sold this month in Washington DC Real Estate versus 553 last month, a decrease of 19%. This month's total units sold was higher than at this time last year, an increase of 23% versus January 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 144 units or 7%. The total number of active inventory this January was 2,166 compared to 2,022 in January 2024. This month's total of 2,166 is lower than the previous month's total supply of available inventory of 2,273, a decrease of 5%. |
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Median Sale Price
Last January, the median sale price for Washington DC Homes was $605,000. This January, the median sale price was $552,500, a decrease of 9% or $52,500 compared to last year. The current median sold price is 10% lower than in December. 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 839 |
Current Contracts 502 |
Sold Vs. List Price 97.4% |
Months of Supply 4.8 |
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| Down -17% Vs. Year Ago |
Up 15% Vs. Year Ago |
No Change Vs. Year Ago |
Down -13% Vs. Year Ago |
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Months of Supply
In January, there was 4.8 months of supply available in Washington DC, compared to 5.5 in January 2024. That is a decrease 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 839 homes newly listed for sale in Washington DC compared to 1,005 in January 2024, a decrease of 17%. There were 502 current contracts pending sale this January compared to 438 a year ago. The number of current contracts is 15% higher than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Washington DC was 97.4% 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 59, higher than the average last year, which was 57, an increase of 4%. | |||
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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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