Blog
Best Tips for Sellers & Buyers
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.

Your Step-by-Step Guide to Buying Your Dream Home
Enter your email to get your FREE Buyers’ Guide!
Leave a reply
Facebook Comments
Related Articles

The Crucial Role of Feasibility Study Contingency When Buying Land in Northern Virginia
New Construction Homes
Buying land or a lot can be an exciting and potentially rewarding investment. Whether you plan to build your dream new construction home or hold it as an investment, the decision to purchase land is not one to be taken lightly. One critical step in the land-buying process that often goes overlooked is the […]
Read More
The Verse Condos in McLean, VA
Buying a Home | Inside McLean VA | Tysons
Soaring 25 stories high and housing 140 residences, The Verse offers an exclusive collection of elegant and sophisticated condominiums and luxurious amenities with breathtaking panoramic views of the Northern Virginia skyline.
Read More
Thriving Transformation: New Developments Shaping Tysons, Virginia
Inside McLean VA | Tysons
Tysons, Virginia is undergoing a remarkable transformation, solidifying its position as a vibrant and dynamic urban center.
Read More
Vienna VA New Construction Homes: View Listings & Schedule Showings
Buying a Home | Inside Vienna VA
All Vienna VA New Construction Homes listed on this page come directly from my professional MLS account…
Read MoreSCHEDULE A CONSULTATION
Search Posts by Keyword
Search Posts by Category
Buying a HomeHousing Market UpdatesInside McLean VAInside Vienna VAMarket UpdatesNew Construction HomesNorthern VirginiaNOVA NewsSelling Your HomeTysonsVideosMeet The Agent

Natasha Lingle is an energetic and personable real estate professional with a proven track record of success representing home buyers, sellers and investors throughout Northern Virginia. Natasha is known for her deep knowledge of the local market, tenacity, strong negotiating skills, honesty and integrity. Whether providing expert guidance to buyers or creating custom marketing plans for the sellers, Natasha delivers the highest level of customer service to all her clients.
Learn More