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November 2018 DC Real Estate Market Conditions

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Condos & Co-Ops

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This activity resulted in a Contract Ratio of 0.54 pendings per active listing, up from 0.43 in October and a decrease from 0.60 in November 2017. The Contract Ratio is 19% lower than the 5-year November average of 0.67. 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.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading]

Attached Townhomes

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This activity resulted in a Contract Ratio of 0.91 pendings per active listing, up from 0.84 in October and a decrease from 1.10 in November 2017. The Contract Ratio is 23% lower than the 5-year November average of 1.19. 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.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading]

Detached Single Family

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This activity resulted in a Contract Ratio of 0.64 pendings per active listing, up from 0.63 in October and a decrease from 0.88 in November 2017. The Contract Ratio is 24% lower than the 5-year November average of 0.85. 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.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column column_width_percent=”100″ align_horizontal=”align_center” overlay_alpha=”50″ gutter_size=”3″ medium_width=”0″ mobile_width=”0″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″][vc_column_text]How did your zip code and home type fare? DC real estate market data[/vc_column_text][vc_column_text]

MarketStats by ShowingTinme are released mid-month of each month. Data shown is for the previous month.

[/vc_column_text][/vc_column][/vc_row][vc_row unlock_row_content=”yes” row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”4″ bottom_padding=”1″ back_color=”color-xsdn” overlay_alpha=”0″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ style=”inherited”][vc_column column_width_percent=”100″ position_vertical=”middle” align_horizontal=”align_center” font_family=”font-762333″ overlay_alpha=”100″ gutter_size=”3″ medium_width=”0″ mobile_width=”0″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ zoom_width=”0″ zoom_height=”0″ width=”1/1″][vc_custom_heading heading_semantic=”h1″ text_size=”fontsize-338686″ text_space=”fontspace-111509″ text_font=”font-762333″ text_color=”color-xsdn”]The Isaacs Team LLC[/vc_custom_heading][/vc_column][/vc_row]