In a nut shell, last month home sales were down; inventory up; and prices holding steady. If you’re a home buyer this should make you very happy.
Washington DC metro area home sales in September were slower than they were at the same time last year. While closed sales were down, they were still higher than 2010-2012 levels, according to RealEstate Business Intelligence.
Home inventory was particularly strong last month, with the highest level for any month in about three years, and bringing with it a whopping 11.7% gain in new listings across the region. This bodes well for home buyers who were on the fence waiting for more homes to come on the market.
Lastly, median sales prices increased less than one percent across the metro. Region-wide, the median sales price rose 0.8 percent from $387,000 to $390,000. Townhome prices rose the most, increasing 2.4% year-over-year.
For home sales, listing and market information specific to your neighborhood, please call Roby Porter at 703-963-0142 or email firstname.lastname@example.org.
Categories: Market stats