Median Sales Prices Set February Records Closed Sales Were Virtually Flat Year over year And Inventories Levels Declined By Double digits.
The following analysis of the Washington, D.C. Metro and Baltimore Metro Area housing markets has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on February 2018 Bright MLS housing data.
DC Metro Area - Overview
The Washington D.C. Metro February median sales price of $410,000 was up 2.6% or $10,300 compared to last year, the 17th consecutive month of year-over-year price increases.
Sales volume across the DC Metro area was over $1.53 billion, down 3.6% from last year.
Closed sales of 3,043 were down 1.8% compared to last year and were up 2.3% from last month.
New contracts of 4,449 were down 4.4% compared to last year, but up 12.5% from last month.
The 5,308 new listings in February were down 4.5% compared to last year but were up 25.4% from last month.
Active listings of 6,494 are down 13.4% compared to last year but are up 5.5% compared to last month, this is the 22nd consecutive month of declines in year-over-year inventory.
The average percent of original list price received at sale in February was 97.7%, up from last year's 97.4%.
The median days-on-market this month was 28 days, the same as last year.
DJ and Associates and The RE/MAX Allegiance Alliance.
Our Real Estate Services has a distinct sense of cosmopolitan awareness that is perfectly suited to the needs of her broad range of clientèle. With over 18 offices in the Northern Virginia, Maryland, and DC markets combined, DJ has consistently been one step ahead of the vast changes that have taken place in Metropolitan real estate market. A commitment to exceptional service is pivotal in DJ Jenkins, RE/MAX Allegiance, and her team's approach towards clients. Buyers and Sellers demand a higher level of service and expertise which has earned us a reputation of being the best when representing our clients. As an expert sales or relocation specialist DJ Jenkins provides excellent customer service to each client along with strong interpersonal communication and negotiation skills demonstrated by her proven track record. RE/MAX Allegiance is the number one selling RE/MAX Company in the world and one of the top 30 residential real estate brokerages in the United States. With nearly 500 Sales Associates and employees, DJ Jenkins has partnered with a network of outstanding agents with a pulse of an every changing Northern Virginia, DC and Maryland Real Estate Markets. Home ownership is on the rise, we would gladly assist in unlocking your buying and selling potential
Median Sales Prices Set February Records Closed Sales Were Virtually F
"As a first time home buyer, I am so grateful and thankful that I had DJ on my side. She helped me through the entire process, kept me fully informed every step of the way, and even provided me a checklist so I could know what to expect. She is a true advocate, and I am so happy with my first home, and just the overall experience of my purchase. Buying a home can be an intimidating experience, but having DJ as my Realtor, it was a smooth process. Words cannot express enough my appreciation."