AREA REPORT
FEBRUARY 2023
AREA REPORT
Washington, DC
FULL MARKET SUMMARY
February 2023 | All Property Types
SOLD AND NEW PROPERTIES (UNITS)
February 2023 | All Property Types
Month to Date Year to Date February 2023 February 2022 % Change YTD 2023 YTD 2022 % Change New Listings 815 1087 -25.02% 1849 2119 -12.74% Sold Listings 516 737 -29.99% 882 1328 -33.58% Median List Price (Solds) $615,000 $656,000 -6.25% $589,994 $650,000 -9.23% Median Sold Price $613,500 $656,000 -6.48% $580,000 $650,000 -10.77% Median Days on Market 22 13 69.23% 26 17 52.94% Average List Price (Solds) $845,380 $814,192 3.83% $827,867 $810,861 2.1% Average Sold Price $827,674 $814,083 1.67% $809,826 $807,837 0.25% Average Days on Market 45 34 32.35% 44 35 25.71% List/Sold Price Ratio 98.3% 100.7% -2.39% 98.3% 100.1% -1.82%
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
February 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
February 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.
SALES PRICE
February 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 February 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.
AS A PERCENTAGE OF ORIGINAL PRICE
PROPERTIES FOR SALE AND SOLD PROPERTIES
February 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
February 2023 | All Property Types
Unsold Price| the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
ABSORPTION RATE
February 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
February 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
February 2023 | Single Family Homes
SOLD AND NEW PROPERTIES (UNITS)
February 2023 | Single Family Homes
Month to Date Year to Date February 2023 February 2022 % Change YTD 2023 YTD 2022 % Change New Listings 374 464 -19.4% 831 828 0.36% Sold Listings 246 334 -26.35% 439 623 -29.53% Median List Price (Solds) $849,499 $862,450 -1.5% $800,000 $849,000 -5.77% Median Sold Price $844,499 $875,000 -3.49% $800,000 $840,000 -4.76% Median Days on Market 24 8 200% 25 11 127.27% Average List Price (Solds) $1,079,229 $1,040,666 3.71% $1,059,612 $1,030,372 2.84% Average Sold Price $1,055,530 $1,053,236 0.22% $1,035,290 $1,034,796 0.05% Average Days on Market 43 27 59.26% 40 28 42.86% List/Sold Price Ratio 97.8% 101.7% -3.81% 97.6% 100.8% -3.19%
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
February 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
February 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 A PERCENTAGE OF ORIGINAL PRICE February 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 February 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.
PROPERTIES FOR SALE AND SOLD PROPERTIES
February 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
February 2023 | Single Family Homes
Unsold Price| the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
ABSORPTION RATE
February 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
February 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
February 2023 | Condo
SOLD AND NEW PROPERTIES (UNITS)
Month to Date Year to Date February 2023 February 2022 % Change YTD 2023 YTD 2022 % Change New Listings 405 566 -28.45% 926 1168 -20.72% Sold Listings 239 367 -34.88% 389 637 -38.93% Median List Price (Solds) $499,000 $550,000 -9.27% $469,900 $535,000 -12.17% Median Sold Price $490,500 $550,000 -10.82% $460,000 $535,000 -14.02% Median Days on Market 18 16 12.5% 25 24 4.17% Average List Price (Solds) $642,517 $645,799 -0.51% $601,313 $628,570 -4.34% Average Sold Price $630,618 $634,674 -0.64% $590,432 $619,748 -4.73% Average Days on Market 45 39 15.38% 45 40 12.5% List/Sold Price Ratio 98.9% 99.9% -0.99% 99.1% 99.6% -0.42%
Sold Properties| Number of properties sold during the year New Properties | Number of properties listed during the year.
February 2023 | Condo
MEDIAN SALES PRICE AND NUMBER OF SALES
February 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
February 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 February 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 February 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
February 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
February 2023 | Condo
Unsold Price| the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
ABSORPTION RATE
February 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
February 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
February 2023 | COOP
SOLD AND NEW PROPERTIES (UNITS)
Month to Date Year to Date February 2023 February 2022 % Change YTD 2023 YTD 2022 % Change New Listings 36 57 -36.84% 92 123 -25.2% Sold Listings 31 36 -13.89% 54 68 -20.59% Median List Price (Solds) $449,000 $379,450 18.33% $449,950 $369,950 21.62% Median Sold Price $440,000 $382,450 15.05% $445,000 $364,825 21.98% Median Days on Market 62 19 226.32% 57 42 35.71% Average List Price (Solds) $553,683 $429,689 28.86% $575,887 $507,385 13.5% Average Sold Price $538,759 $424,250 26.99% $557,347 $490,439 13.64% Average Days on Market 71 49 44.9% 73 54 35.19% List/Sold Price Ratio 97.2% 99.4% -2.26% 97.4% 98.2% -0.91%
Sold Properties| Number of properties sold during the year New Properties | Number of properties listed during the year.
February 2023 | COOP
MEDIAN SALES PRICE AND NUMBER OF SALES
February 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
February 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 February 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 February 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
February 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
February 2023 | COOP
Unsold Price| the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
ABSORPTION RATE
February 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
February 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.