June 2017 Housing Market Update for Washington DC Metro Areas

Housing Market Updates by Natasha Lingle

June 2017 Housing Market Update for Washington DC Metro Areas

June Home Sales and Median Prices

The following analyses of the Washington, D.C. housing markets are based on June 2017 MRIS housing data.

• The Washington D.C. Metro median sales price dropped slightly to $455,000 from last month’s record-setting $460,000 and ranks as the second-highest monthly price of the last twenty years.  It was a 2% or $9,000 increase over last year.
• Sales volume across the DC Metro area was over $3.4 billion, up 5.8% from last year.
• Closed sales of 6,142 were up 3.4% compared to last year and set an all-time high for the decade.
• New contract activity of 5,961 dropped 0.3% compared to last year and 10.6% compared to last month’s record level of 6,668.
• New listings of 7,802 were up 4.0% compared to last year but were down 3.5% compared to last month.  This was the highest June level of the decade.
• Active listings of 10,481 are down 7.3% compared to last year, but are up 6.2% compared to last month. This is the 14th consecutive month of declines in year-over-year inventory levels.
• The average percent of original list price received at sale in June was 98.5%
• The median days-on-market for June 2017 was 12 days, two days lower than last year.

CLICK HERE TO VIEW A FULL VERSION OF THIS REPORT

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.

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.

Related Articles

The Rotonda Amenities

Buying a Home | Tysons

Experience the exceptional amenities that make life at The Rotonda Condos truly unique. This 34-acre gated community is designed to offer resort-style living with something for everyone: Fitness Center ; Tennis Court ; Basketball Court ; Children’s Play Areas ; Volleyball Court

Read More

The Rotonda Condos Floor Plans. 11 Models from 1-Bed, 1-Bath to 4-Beds, 4-Baths

Buying a Home | Tysons

The Rotonda Condominiums community offers flexibility with its floor plans, starting with 11 original layouts, ranging from 1-bedroom, 1-bath to 3-bedroom, 3-bath options. Beyond the original layouts, residents have options for combined and custom-modified floor plans.

Read More

Is Your Northern Virginia Home Radon Free? What Every Home Buyer and Seller Needs to Know About Radon Testing & Remediation

Buying a Home | Northern Virginia

From my experience, majority of home buyers and owners are unfamiliar with what Radon is and don’t know that it might be present in a home. After all, this invisible, odorless gas doesn’t really give itself away.

Read More

Vienna VA New Construction Homes: View Listings & Schedule Showings

Buying a Home | Inside Vienna VA

Whether you’re envisioning a modern condo, a stylish townhouse, or a luxurious single-family home, my professional MLS database offers an extensive collection of newly constructed properties with the most up-to-date information. Take advantage of advanced search filters, detailed property information, and stunning visuals to make informed decisions on your path to homeownership.

Read More