Maryland Blogger

DC Metro Area Median Sales Prices by Jurisdiction, October, 2015

DC Metro Area Median Sales Prices by Jurisdiction, October, 2015

 

Families being relocated to the Metro Area of Washington, DC are sometimes shocked to see the size of the real estate market and the number of jurisdictions. If you are planning to purchase a home in the area, you are more likely to purchase in Virginia or Maryland than in the District of Columbia.

The time and distance for the commute, schools, and home prices are among the many priority considerations. It takes some time to research the alternatives and it is a good idea to select a local buyer agent for advice on the current market conditions and the strategy for a successful transaction.

 

Median sales prices down slightly, but second best October prices since 2006. The October median sales price of $399,000 is down an insignificant $1,000 or 0.3% compared to both October 2014 and September 2015.   Prices remain well above the 5-year average of $372,305 and the 10-year average of $366,188.  Compared to October 2014, condo prices increased 0.5% to $305,000, single-family detached prices dipped 1.6% to $472,500, and townhome prices decreased 0.2% to $397,250.  The year-to-date median sales price of $412,500 is up 1.6% from last year.  October sales volume across the region was slightly below $1.9 billion, up 1.7% compared to last year. – RealEstate Business Intelligence

 

Pennisetum, Kentlands Photowalk, Photograph by Roy Kelley, Roy and Dolores Kelley Photographs

Pennisetum, Autumn Colors, Kentlands Photowalk,

Gaithersburg, Maryland USA IMG 6026
Photograph by Roy Kelley 
Roy and Dolores Kelley Photographs

Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

Comment balloon 15 commentsRoy Kelley • November 12 2015 09:13AM
DC Metro Area Median Sales Prices by Jurisdiction, October, 2015
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