Latest DC Real Estate Market Data

Market data is compiled by RBI (Real Estate Business Intelligence) and charted in Smart Charts in the middle of each month for the prior month.

October 2018 DC Condo & CoOp Update

Median sold price for Condo & CoOps during the month of October was $465,000. This represents an increase of 9.7% over September and 5.9% from this time last year. There was a 15.8% month over month decrease in new contract activity with 320 New Pending Sales; a 16% MoM decrease in All Pending Sales (new contracts + contracts carried over from September) to 408; and a 7.3% increase in supply to 943 active units.

This activity resulted in a Contract Ratio of 0.43 pendings per active listing, down from 0.55 in September and a decrease from 0.62 in October 2017. The Contract Ratio is 31% lower than the 5-year October average of 0.62. 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.

October 2018 DC Detached Single Family Homes Update

The median DC sold price for detached single family homes during the month of October was $826,000. This was an increase of 13.2% compared to September and a decrease of 0.4% from the same time period in 2017. There was a 2.3% month over month increase in new contract activity with 135 New Pendings; a 2.5% MoM increase in All Pendings (new contracts + contracts carried over from September) to 204; and a 17.5% increase in supply to 322 active units.

This activity resulted in a Contract Ratio of 0.63 pendings per active listing, down from 0.73 in September and a decrease from 0.67 in October 2017. The Contract Ratio is 16% lower than the 5-year October average of 0.75. 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.

October 2018 DC All Home Types Update

How did your home type and neighborhood fare? DC real estate market data

*Note: Due to the Bright MLS purchase of MRIS, Days On Market data is not available for this time period. Data shown here is set to update with any corrections made by RBI and Bright MLS.

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