DC Prices and Inventory Up

November 10, 2017

For the past four months, the DC housing market has been an outlier in the region, clocking four consecutive months in which the median sales price dropped and inventory rose. However, October market data in some ways proves that that particular dynamic was more of an anomaly than an indicator.

The median sales price in the District in October came in at $550,000, 1.3 percent higher than the $543,000 seen in October 2016, according to the latest report from Bright MLS. Increased prices didn’t do much to deter buyers, with closed sales in the city rising 32 percent compared to a year ago.

(Urban Turf)

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