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DC Metro Area Median Home Sales Price by Jurisdiction, November, 2015

DC Metro Area Median Home Sales Price by Jurisdiction, November, 2015

 

When you are being relocated to the Metro Area of Washington, DC, you have to first select the jurisdicion in which you want to purchase a home. There are many factor to consider including the time and distance for job commutes, schools, and the other factors that are important to your family. As you can see from the following chart, median home prices vary by jurisdiction.

Allow time to explore the area. We recommend the use of an exclusive buyer agent to provide the local market data that you will need and to guide you through the process to a successful transaction.

 

“Inventories up for 26th consecutive month, new listings are at highest November level since 2010, DOM decrease slightly.  November marked the 26th consecutive month of year-over-year increases in the number of active listings, with 10,682 active listings at the end of November, a 6.6% increase over last year.  Condo inventory growth is still the strongest, with a 12.7% increase in the number of active listings to 2,851.  The number of single-family detached listings are up 4.9% to 5,731, and townhome listings increased by 3.2% to 2,086.  Inventory levels exceed the 5-year average of 9,877, but are still significantly below the 10-year average of 14,438.  Compared to last month, overall inventories are down 15.7%.   

With new listings of 3,981 in November, there was a 7.7% increase over last year and 35.4% decline compared to last month.  There have now been year-over-year increases in the number of new listings for 12 consecutive months.  Compared to last year, new listings for single-family detached increased 11.2% to 1,875, followed by condos which were up 8.8% to 1,131 and townhomes which were up 0.7% to 974.  The number of new listings exceeds the 5-year average of 3,743 and is well below the 10-year average of 4,268.  The number of new listings for the period January-November of 70,489 is up by 5,520 or 8.5% compared to the same period last year.” - RealEstate Business Intelligence

 

 Chrysanthemum, Brookside Gardens, Photograph by Roy Kelley, Roy and Dolores Kelley Photographs

Chrysanthemum, Brookside Gardens, Wheaton, Maryland USA IMG 8013
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 12 commentsRoy Kelley • December 12 2015 12:23PM
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