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Market Data

Market Data

$586,900.

Median Sold Price District of Columbia April 2019

100.0%

Median Sold Price to Original List Price Ratio DC April 2019

$493.00

Average Price Per Square Foot DC April 2019

17 Days

Average Days On Market DC April 2019

$586,900.

Median Sold Price for April

17

Average Days On Market April

$493.00

Average Price Per SF in April

Condo | Co-Op Report

The median sold price for Condo & Coop properties for April was $490,000, representing an increase of 1.4% compared to last month and an increase of 1% from Apr 2018. The average days on market for units sold in April was 47 days, 25% below the 5-year April average of 62 days. There was a 7.5% month over month increase in new contract activity with 504 New Pendings; a 2.5% MoM increase in All Pendings (new contracts + contracts carried over from March) to 565; and an 11.9% increase in supply to 640 active units.

This activity resulted in a Contract Ratio of 0.88 pendings per active listing, down from 0.96 in March and a decrease from 0.91 in April 2018. The Contract Ratio is 6% lower than the 5-year April average of 0.94.


Condo | Co-Op Report

The median sold price for Condo & Coop properties for April was $272,000, representing an increase of 6.3% compared to last month and an increase of 6.3% from Apr 2018. The average days on market for units sold in April was 55 days, 15% below the 5-year April average of 65 days. There was a 6.8% month over month increase in new contract activity with 3,507 New Pendings; a 16.1% MoM increase in All Pendings (new contracts + contracts carried over from March) to 4,815; and a 0.4% decrease in supply to 6,196 active units.

This activity resulted in a Contract Ratio of 0.78 pendings per active listing, up from 0.67 in March and an increase from 0.56 in April 2018. The Contract Ratio is 47% higher than the 5-year April average of 0.53.

Detached Homes Report

The median sold price for Detached properties for April was $320,000, representing an increase of 6.7% compared to last month and an increase of 4.9% from Apr 2018. The average days on market for units sold in April was 74 days, 13% below the 5-year April average of 85 days. There was a 15.3% month over month increase in new contract activity with 18,765 New Pendings; a 26.2% MoM increase in All Pendings (new contracts + contracts carried over from March) to 28,199; and a 1.7% increase in supply to 42,466 active units.

This activity resulted in a Contract Ratio of 0.66 pendings per active listing, up from 0.54 in March and an increase from 0.50 in April 2018. The Contract Ratio is 39% higher than the 5-year April average of 0.48.

Attached Homes Report

The median sold price for Attached properties for April was $254,900, representing an increase of 4% compared to last month and an increase of 5.8% from Apr 2018. The average days on market for units sold in April was 56 days, 14% below the 5-year April average of 65 days. There was a 9.1% month over month increase in new contract activity with 12,452 New Pendings; a 20.2% MoM increase in All Pendings (new contracts + contracts carried over from March) to 18,572; and a 2.5% decrease in supply to 20,494 active units.

This activity resulted in a Contract Ratio of 0.91 pendings per active listing, up from 0.74 in March and an increase from 0.63 in April 2018. The Contract Ratio is 53% higher than the 5-year April average of 0.60.

MORE DATA

A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller’s favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer’s favor.

Knowledge Library

The Isaacs Team

Compass

Concierge:  Like having a real estate butler with spare cash.

Saving your cash for the new place, but the old one needs a reboot? No worries. Compass Concierge can tailor an updating & staging plan for your home and cover the upfront costs until settlement. Your home will show better and sell faster at a greater price. Really, what's better than using someone else's money to make more of your own?

Coming Soon: Listings you don't have to be an agent to find.

Yes, there's a secret cache of homes for sale in the District. These 'private exclusives,' 'pocket listings,” or 'off-market placements,” are available through agent networks and usually invisible to buyers. We like sunlight and transparency. So at Compass, we offer a channel of private exclusive listings you can actually see and tour!

Collections:  It's Pinterest for real estate buyers. And then some.

Can't face ugly pages of random listings? There's a better way to search for homes. Compass Collections helps you organize, collaborate, share & discuss listings grouped the way you want them. Get automated price and status updates in real time. Invite others to join in. Celebrate the end of boring real estate listings!