Median sales price second highest September level on record
Washington, DC – (October 15, 2018) – 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.

September’s median sales price was $525,000, up slightly from last year’s median and ranks as the second highest September level on record. The 588 September sales represented a 3.8 percent decrease versus last year and below the September five-year average of 625. There was a 6.1 percent drop in contract activity compared to last September. The 809 overall new pending sales topped the five-year September average by 0.9 percent. Closed sales were down in all three segments compared to last September. Half the homes sold in September were on the market for 15 days or less and the competition among buyers kept the median percent of asking price at 100 percent.