DECEMBER 2018: Real Estate Market Data for Washington DC Metro Area

December 2018 Home Sales and Median Prices

The following analysis of the Washington, D.C. Metro Area housing markets has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on January 2019 Bright MLS housing data.

Prices at record December high in Washington D.C Metro Area. Sales continue to decline. Inventories flat to increasing.

  • The Washington D.C. Metro area had a December median home price of $445,000, up 5.9% or $24,950 from last December. This was easily the highest December level of the decade. Prices were down a slight 1.1% or $4,900 from last month.
  • Sales volume across the DC Metro area was just below $2 billion, down 8.1% from last year.
  • December closed sales of 3,521 were down 9.4% compared to last year, the fifth consecutive month of declining year-over-year sales.
  • New pending sales, however, were up 1.4% to 3,362, the first time in five months that year-over-year pending sales increased.
  • New listings compared to last year were down 3.2% to 2,710.
  • Active listings compared to last year dipped just slightly, down 0.5% to 6,697.
  • The average percent of original list price received at sale in December was 97.2%, the same as last year.

Click here to access the full PDF version of this report

About the DC Metro Housing Market Update

The DC Metro Area Housing Market Update provides unique insights into the state of the current housing market by measuring the number of new pending sales, trends by home characteristics, and key indicators through the most recent month compiled directly from Multiple Listing Service (MLS) data in ShowingTime’s proprietary database. The DC Metro Area housing market includes: Washington, D.C., Montgomery County and Prince George’s County in Maryland, and Alexandria City, Arlington County, Fairfax County, Fairfax City, and Falls Church City in Virginia. Data provided by MarketStats by ShowingTime, based on listing activity from Bright MLS.

About Bright MLS

The Bright MLS real estate service area spans 40,000 square miles throughout the Mid-Atlantic region, including Delaware, Maryland, New Jersey, Pennsylvania, Virginia, Washington, D.C. and West Virginia. As a leading Multiple Listing Service (MLS), Bright serves approximately 95,000 real estate professionals who in turn serve over 20 million consumers. For more information, please visit www.brightmls.com.

About Elliot Eisenberg

Elliot Eisenberg, Ph.D. is the Chief Economist of GraphsandLaughs, LLC, a firm specializing in economic consulting and data analysis. He is a frequent speaker on topics including: economic forecasts, economic impact of industries such as homebuilding and tourism, consequences of government regulation, economic development and other current economic issues. Dr. Eisenberg earned a B.A. in economics with first class honors from McGill University in Montreal, as well as a Masters and Ph.D. in public administration from Syracuse University. Eisenberg was formerly a Senior Economist with the National Association of Home Builders in Washington, D.C. He is a regularly featured guest on cable news programs, talk and public radio, writes a syndicated column and authors a daily 70 word commentary on the economy that is available at www.econ70.com.

Sick of Winter? Here Are Some Good House Plants To Improve Your Mood

Real talk: “JanuFeb” can be grim. The holidays are a distant memory, and now you have to slog through a barrage of dark, frigid days until spring makes its glorious appearance.

To escape that persistent winter funk, shake off that heated Snuggie and take a trip to the garden center. Studies suggest that stocking your home full of humble houseplants can boost your mood, big time — not to mention make your space feel cleaner, brighter, and healthier.

The Power of a Flower

Scientists agree that houseplants likely improve your outlook. Research suggests that plants have a positive effect on stress reduction, pain tolerance, and physical discomfort — but environmental psychologists aren’t exactly sure why this happens. It could be that plants simply make a room more colorful and attractive. Or, an indoor brush with nature may provide the same natural high and stress relief people feel in the great outdoors. There’s even a name for the phenomenon — biophilia (a love for nature) — and entire buildings have been designed to recreate it.

Keeping all those green guys alive is good for you, too. Research has shown taking care of plants can increase a sense of well-being and reduce stress.

Nature’s Air Freshener

Winter means tightly closed windows and stuffy quarters. Plants reduce stale air by producing oxygen. But also, according to research done by NASA back in the late 1980s, certain plants will even filter harmful pollutants such as formaldehyde, benzene, and ammonia from the air. Some folks get headaches, asthma, or have chronic health issues from these VOCs (volatile organic compounds) — which could be off-gassing right this minute from your furniture, cleansers, and flooring! Just knowing that could make you pretty depressed.

To combat stale air, try some of these air-scrubbing horticultural heroes: Boston fern, English ivy, spider plant, bamboo palm, weeping fig, flamingo lily, peace lily, and cornstalk dracaena.


The Best Plants to Beat the Blues

What other plants can bring your spirits ‘round this winter?

  • Anthuriums. These beautiful flowering plants are super easy to care for. “They do need a decent amount of light, but they bloom consistently — especially during the February-March doldrums,” says Rebecca Bullene, founder of Greenery NYC, a botanic design company experienced in indoor plant installations and living plant design. “They’re big and beautiful. Those with red, pink, or white flowers are most common.”
  • Ferns, particularly the Kimberly Queen (Nephrolepis obliterata) and Boston (Nephrolepis exaltata) varieties. “They need a bit more water and a decent amount of light, but they put a lot of humidity back in the air and will help make your space comfortable,” Bullene says. Plus, the Kimberlys are a little easier to care for than the average fern. “If you forget to water for a day or two,” she says, “they won’t crash out.”
  • Chinese Evergreen (Aglaonema modestum). This hardy plant can handle the low light of winter. “It can be in a dark corner and still look amazing,” Bullene says. “The blackest of thumbs can take care of this plant.”
  • Golden Pothos or Devil’s Ivy (Epipremnum aureum). This plant is also a hardy one that’s hard to kill. Bullene recommends it for anyone without much experience with plants.
  • Mother-in-Law’s Tongue, Sword Plant, or Snake Plant (Sansevieria). This houseplant of many names is really drought-resistant. You can water it once a month and it grows in high or low light. “There are a lot of varieties that have cool shapes and colors,” Bullene says.

So when the weather outside is frightful, make way for some greenery and invite some friends over. Call it a Houseplant Happy Hour. You just may be surprised by how genuinely happy your greener home makes you all winter long.

Read the original article at https://www.houselogic.com/home-advice/plants-trees/plants-for-depression/