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November 2017 Washington, DC Market Trends Report

by Greater Capital Area Association of REALTORS®


Median sales price ties last year for highest November level 
on record for Washington, DC

November’s median sales price was $549,000, matching last year’s median exactly and tying the highest November level on record. The 710 November sales represented a 5.8 percent increase versus last year and above the November 5-year average of 617. Even with the median sales price at record highs, supply is scarce with only 1.9 months of supply on hand. There was a 14.7 percent bump in contract activity compared to last November. The 755 overall new pending sales topped the five-year November average by 10.3 percent. Closed sales were down in detached, but up in the townhouse and condo segments compared to last November. Half the homes sold in November were on the market for 13 days or less and the competition among buyers kept the median percent of asking price at 100 percent.

  • Closed sales. The 710 November sales represented a 5.8 percent increase versus last year and above the November 5-year average of 617. The 8,507 cumulative year-to-date sales are 8.3 percent more than the number sold through November of last year.
  • Contract activity. There was a 14.7 percent bump in contract activity compared to last November. The 755 overall new pending sales topped the five-year November average by 10.3 percent.
  • Listing activity. The number of new listings increased 4.6 percent compared to last November. The 880 new listings is significantly above the five-year November average.
  • Inventory. The 1,433 active listings at month’s end are 7.5 percent more than at the same point last year.
  •  Months of Supply. Supply remains scarce relative to demand, continuing to drive a strong seller’s market in the District. The 1,433 active listings represent just 1.9 months of supply.
  • Prices. November’s median sales price was $549,000, matching last year’s median exactly and tying the highest November level on record.
  • Days on Market (DOM). Half the homes sold in November were on the market 13 days or less prior to contract, four days quicker than in November 2016.
  • Sales Price to Original List Price Ratios (SP to OLP). Half the sellers received 100.0 percent of original list price or less, virtually the same as last November (99.9 percent).


Washington, DC – (December 11, 2017) – The following analysis of the Washington, DC housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.

November 2017 Montgomery County Market Trends Report

by Greater Capital Area Association of REALTORS®


Median sales price up slightly as median days on 
market quickens in Montgomery County

November’s tally of 934 closed sales dipped below last year’s level by 1.8 percent and below the five-year November average by 11.4 percent. The 942 new pending sales marked a .8 percent dip from last November and fell below the five-year November average by 1.1 percent, or 11 contracts. There were 869 new listings added in November, 3.9 percent less than last November’s mark. The 2,052 active listings dip far below last November’s active listing total 2,314 (-11.3%). The 2,052 active listings heading into December represent 2.0 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 2.2 months of supply last November. Half of the homes sold in November were on the market 25 days or less, three days quicker than the
median DOM in November 2016. The $425,500 median in November was 7.2 percent higher than last November’s median of $397,000. Closed sales rose in the detached segment while dipping in the townhouse and condo/co-op segments.

  • Contract activity. The 942 new pending sales marked a .8 percent dip from last November and fell below the five-year November average by 1.1 percent, or 11 contracts.
  • Closed sales. November’s tally of 934 closed sales dipped below last year’s level by 1.8 percent and below the five-year November average by 11.4 percent.
  • Listing activity. There were 869 new listings added in November, 3.9 percent less than last November’s mark. The 2,052 active listings dip far below last November’s active listing total 2,314 (-11.3%).
  • Prices. The $425,500 median in November was 7.2 percent higher than last November’s median of $397,000. The average sales price in November was $539,771, a 10.8 percent increase over the November 2016 average of $487,387.
  • Price per Square Foot. The average price per square foot for homes sold in November went up 6.6 percent year-over-year, from $272 to $290.
  • Days-on-Market (DOM). Half of the homes sold in November were on the market 25 days or less, three days quicker than the median DOM in November 2016. The average DOM was 10 days quicker at 49 days.
  • Sales Price to Original List Price Ratios (SP to OLP). Sellers received 97.1 percent of original list price on average, up slightly from last November. Half of November sellers received at least 98.1 percent of their original asking price, a slight increase compared to November 2016.
  • Months of Supply. The 2,052 active listings heading into December represent 2.0 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 2.2 months of supply last November. 

Washington, DC – (December 11, 2017) – The following analysis of the Montgomery County, MD housing markethas been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiplelisting data by MarketStats by ShowingTime.

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Photo of Phyllis Wiesenfelder Real Estate
Phyllis Wiesenfelder
Long & Foster Real Estate, Inc.
4650 East West Highway
Bethesda MD 20814
Direct: (301)215-6915
Mobile: (301)529-3896
Fax: Office: 301-907-7600