AREA REPORT
2023
JULY
AREA REPORT
Washington, DC
FULL MARKET SUMMARY
July 2023 | All Property Types
SOLD AND NEW PROPERTIES (UNITS)
July 2023 | All Property Types
Month to Date Year to Date July 2023 July 2022 % Change YTD 2023 YTD 2022 % Change New Listings 860 1135 -24.23% 7456 9004 -17.19% Sold Listings 604 727 -16.92% 4296 5818 -26.16% Median List Price (Solds) $635,000 $649,000 -2.16% $635,000 $665,000 -4.51% Median Sold Price $628,500 $645,000 -2.56% $629,000 $665,000 -5.41% Median Days on Market 15 12 25% 16 10 60% Average List Price (Solds) $836,005 $809,054 3.33% $838,981 $847,138 -0.96% Average Sold Price $831,071 $806,290 3.07% $832,714 $855,202 -2.63% Average Days on Market 30 29 3.45% 35 28 25% List/Sold Price Ratio 99.4% 99.7% -0.25% 99.3% 100.9% -1.56%
Sold Properties| Number of properties sold during the year New Properties | Number of properties listed during the year.
MEDIAN SALES PRICE AND NUMBER OF SALES
July 2023 | All Property Types
Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
July 2023 | All Property Types
Average Sales Price| Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.
PRICE
July 2023 | All Property Types Sale Price as a Percentage of Original Price| Average sale price of property as percentage of final list price. AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE July 2023 | All Property Types Average Sales Price| Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of month.
SALES
AS A PERCENTAGE OF ORIGINAL PRICE
PROPERTIES FOR SALE AND SOLD PROPERTIES
July 2023 | All Property Types
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties| Number of properties sold.
AVERAGE ASKING/SOLD/UNSOLD PRICE
July 2023 | All Property Types
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
July 2023 | All Property Types
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
MONTHS SUPPLY OF INVENTORY
July 2023 | All Property Types
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold| Number of properties sold.
AREA REPORT
WASHINGTON, DC
FULL MARKET SUMMARY
SOLD AND NEW PROPERTIES (UNITS)
Family Homes Month to Date Year to Date July 2023 July 2022 % Change YTD 2023 YTD 2022 % Change New Listings 367 533 -31.14% 3405 3861 -11.81% Sold Listings 301 346 -13.01% 2109 2683 -21.39% Median List Price (Solds) $849,000 $922,500 -7.97% $850,000 $900,000 -5.56% Median Sold Price $850,000 $944,000 -9.96% $850,000 $940,000 -9.57% Median Days on Market 14 9 55.56% 15 8 87.5% Average List Price (Solds) $1,100,914 $1,113,863 -1.16% $1,086,724 $1,139,551 -4.64% Average Sold Price $1,096,486 $1,114,030 -1.57% $1,080,194 $1,160,353 -6.91% Average Days on Market 30 22 36.36% 32 20 60% List/Sold Price Ratio 99.7% 100.4% -0.69% 99.4% 102.2% -2.68%
July 2023 | Single
Sold Properties| Number of properties sold during the year New Properties | Number of properties listed during the year.
July 2023 | Single Family Homes
MEDIAN SALES PRICE AND NUMBER OF SALES
July 2023 | Single Family Homes
Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
July 2023 | Single Family Homes
Average Sales Price| Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS
PERCENTAGE OF ORIGINAL PRICE July 2023 | Single Family Homes Sale Price as a Percentage of Original Price| Average sale price of property as percentage of final list price. AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE July 2023 | Single Family Homes Average Sales Price| Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of month.
A
PROPERTIES FOR SALE AND SOLD PROPERTIES
July 2023 | Single Family Homes
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties| Number of properties sold.
AVERAGE ASKING/SOLD/UNSOLD PRICE
July 2023 | Single Family Homes
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
July 2023 | Single Family Homes
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
MONTHS SUPPLY OF INVENTORY
July 2023 | Single Family Homes
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold| Number of properties sold.
AREA REPORT
WASHINGTON, DC
FULL MARKET SUMMARY
July 2023 | Condo
SOLD AND NEW PROPERTIES (UNITS)
Month to Date Year to Date July 2023 July 2022 % Change YTD 2023 YTD 2022 % Change New Listings 453 544 -16.73% 3670 4631 -20.75% Sold Listings 268 331 -19.03% 1909 2810 -32.06% Median List Price (Solds) $494,450 $499,000 -0.91% $499,900 $539,000 -7.25% Median Sold Price $489,950 $495,000 -1.02% $500,000 $535,500 -6.63% Median Days on Market 14 15 -6.67% 16 14 14.29% Average List Price (Solds) $588,529 $559,126 5.26% $616,853 $615,990 0.14% Average Sold Price $585,476 $554,028 5.68% $611,763 $613,798 -0.33% Average Days on Market 27 29 -6.9% 35 32 9.38% List/Sold Price Ratio 99.4% 99.1% 0.29% 99.5% 100% -0.54%
2023 | Condo Sold Properties| Number of properties sold during the year New Properties | Number of properties listed during the year.
July
MEDIAN SALES PRICE AND NUMBER OF SALES
July 2023 | Condo
Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
July 2023 | Condo
Average Sales Price| Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE July 2023 | Condo Sale Price as a Percentage of Original Price| Average sale price of property as percentage of final list price. AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE July 2023 | Condo Average Sales Price| Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of month.
PROPERTIES FOR SALE AND SOLD PROPERTIES
July 2023 | Condo
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties| Number of properties sold.
AVERAGE ASKING/SOLD/UNSOLD PRICE
July 2023 | Condo
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
July 2023 | Condo
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
MONTHS SUPPLY OF INVENTORY
July 2023 | Condo
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold| Number of properties sold.
AREA REPORT
WASHINGTON, D.C. COUNTY
FULL MARKET SUMMARY
July 2023 | COOP
SOLD AND NEW PROPERTIES (UNITS)
Month to Date Year to Date July 2023 July 2022 % Change YTD 2023 YTD 2022 % Change New Listings 40 58 -31.03% 381 512 -25.59% Sold Listings 35 50 -30% 278 325 -14.46% Median List Price (Solds) $399,000 $325,000 22.77% $387,450 $354,900 9.17% Median Sold Price $375,000 $322,500 16.28% $375,000 $350,000 7.14% Median Days on Market 20 37 -45.95% 26 27 -3.7% Average List Price (Solds) $452,742 $354,301 27.78% $484,862 $431,708 12.31% Average Sold Price $429,061 $346,702 23.75% $472,503 $423,280 11.63% Average Days on Market 46 73 -36.99% 58 54 7.41% List/Sold Price Ratio 97% 98.2% -1.26% 98% 98.6% -0.62%
COOP Sold Properties| Number of properties sold during the year New Properties | Number of properties listed during the year.
July 2023 |
MEDIAN SALES PRICE AND NUMBER OF SALES
July 2023 | COOP
Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
July 2023 | COOP
Average Sales Price| Average sales price for all properties sold. Average Days on Market | Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE July 2023 | COOP Sale Price as a Percentage of Original Price| Average sale price of property as percentage of final list price. AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE July 2023 | COOP Average Sales Price| Average sales price for all properties sold. Properties for Sale | Number of properties listed for sale at the end of month.
PROPERTIES FOR SALE AND SOLD PROPERTIES
July 2023 | COOP
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties| Number of properties sold.
AVERAGE ASKING/SOLD/UNSOLD PRICE
July 2023 | COOP
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
July 2023 | COOP
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
MONTHS SUPPLY OF INVENTORY
July 2023 | COOP
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold| Number of properties sold.
The property information herein is derived from various sources that may include, butnotbelimited to,countyrecords andtheMultiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. ©2023 Coldwell Banker. All Rights Reserved. Coldwell Banker andtheColdwell Banker logosare trademarks ofColdwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are ownedby asubsidiary ofAnywhere AdvisorsLLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supportstheprinciplesoftheFair HousingAct and the Equal Opportunity Act.