AREA REPORT
MARCH 2023
AREA REPORT
Washington, DC
FULL MARKET SUMMARY
March 2023 | All Property Types
SOLD AND NEW PROPERTIES (UNITS)
March 2023 | All Property Types
Month to Date Year to Date March 2023 March 2022 % Change YTD 2023 YTD 2022 % Change New Listings 1161 1525 -23.87% 3114 3645 -14.57% Sold Listings 610 931 -34.48% 1506 2259 -33.33% Median List Price (Solds) $649,450 $650,000 -0.08% $600,000 $650,000 -7.69% Median Sold Price $645,000 $650,000 -0.77% $600,000 $650,000 -7.69% Median Days on Market 18 9 100% 22 13 69.23% Average List Price (Solds) $811,934 $851,061 -4.6% $821,721 $827,429 -0.69% Average Sold Price $806,957 $859,019 -6.06% $809,129 $828,930 -2.39% Average Days on Market 43 27 59.26% 44 32 37.5% List/Sold Price Ratio 99.4% 101.1% -1.67% 98.8% 100.5% -1.75%
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
March 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
March 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
PERCENTAGE OF
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
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
ORIGINAL PRICE March
March
PROPERTIES FOR SALE AND SOLD PROPERTIES
March 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
March 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
March 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
March 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
March 2023 | Single
SOLD AND NEW PROPERTIES (UNITS)
Homes Month to Date Year to Date March 2023 March 2022 % Change YTD 2023 YTD 2022 % Change New Listings 531 636 -16.51% 1398 1465 -4.57% Sold Listings 303 414 -26.81% 750 1037 -27.68% Median List Price (Solds) $840,000 $892,500 -5.88% $822,449 $859,813 -4.35% Median Sold Price $840,000 $925,000 -9.19% $809,000 $880,000 -8.07% Median Days on Market 17 7 142.86% 21 9 133.33% Average List Price (Solds) $1,067,821 $1,167,552 -8.54% $1,058,720 $1,085,138 -2.43% Average Sold Price $1,062,242 $1,185,016 -10.36% $1,042,291 $1,094,768 -4.79% Average Days on Market 38 19 100% 39 24 62.5% List/Sold Price Ratio 99.6% 102.4% -2.78% 98.4% 101.5% -2.99%
Family
Sold Properties| Number of properties sold during the year New Properties | Number of properties listed during the year.
March 2023 | Single Family Homes
MEDIAN SALES PRICE AND NUMBER OF SALES
March 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
March 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 March 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 March 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
March 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
March 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
March 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
March 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
March 2023 | Condo
SOLD AND NEW PROPERTIES (UNITS)
March 2023 | Condo
Month to Date Year to Date March 2023 March 2022 % Change YTD 2023 YTD 2022 % Change New Listings 583 789 -26.11% 1571 1957 -19.72% Sold Listings 257 465 -44.73% 652 1102 -40.83% Median List Price (Solds) $481,900 $549,900 -12.37% $475,000 $544,500 -12.76% Median Sold Price $475,000 $555,000 -14.41% $470,000 $542,250 -13.32% Median Days on Market 18 12 50% 22 17 29.41% Average List Price (Solds) $580,844 $624,005 -6.92% $598,038 $626,644 -4.56% Average Sold Price $576,941 $624,939 -7.68% $589,913 $621,938 -5.15% Average Days on Market 42 32 31.25% 44 37 18.92% List/Sold Price Ratio 99.4% 100.2% -0.76% 99.2% 99.8% -0.58%
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
March 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
March 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 March 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 March 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
March 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
March 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
March 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
March 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
March 2023 | COOP
SOLD AND NEW PROPERTIES (UNITS)
March 2023 | COOP
Month to Date Year to Date March 2023 March 2022 % Change YTD 2023 YTD 2022 % Change New Listings 47 100 -53% 145 223 -34.98% Sold Listings 50 52 -3.85% 104 120 -13.33% Median List Price (Solds) $367,450 $327,250 12.28% $399,950 $351,950 13.64% Median Sold Price $364,950 $320,082 14.02% $399,949 $344,500 16.1% Median Days on Market 26 15 73.33% 40 28 42.86% Average List Price (Solds) $449,063 $361,713 24.15% $514,914 $444,260 15.9% Average Sold Price $442,218 $356,802 23.94% $501,997 $432,530 16.06% Average Days on Market 73 45 62.22% 73 50 46% List/Sold Price Ratio 98.4% 98.9% -0.43% 97.9% 98.5% -0.64%
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
March 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
March 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 March 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 March 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
March 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
March 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
March 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
March 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.