AREA REPORT
AREA REPORT
Washington, DC
FULL MARKET SUMMARY
August 2023 | All Property Types
SOLD AND NEW PROPERTIES (UNITS)
August 2023 | All Property Types
Month to Date Year to Date August 2023 August 2022 % Change YTD 2023 YTD 2022 % Change New Listings 681 868 -21.54% 8236 9872 -16.57% Sold Listings 592 710 -16.62% 4932 6528 -24.45% Median List Price (Solds) $649,000 $650,000 -0.15% $639,000 $665,000 -3.91% Median Sold Price $640,000 $650,000 -1.54% $629,000 $664,250 -5.31% Median Days on Market 19 15 26.67% 16 11 45.45% Average List Price (Solds) $781,881 $823,673 -5.07% $831,981 $844,586 -1.49% Average Sold Price $775,010 $819,050 -5.38% $825,525 $851,270 -3.02% Average Days on Market 38 29 31.03% 35 28 25% List/Sold Price Ratio 99.3% 99.4% -0.09% 99.3% 100.8% -1.4%
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
August 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
August 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
PERCENTAGE OF
August 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 August 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
ORIGINAL PRICE
PROPERTIES FOR SALE AND SOLD PROPERTIES
August 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
August 2023 | All Property Types
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
August 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
August 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
August 2023 | Single Family Homes
SOLD AND NEW PROPERTIES (UNITS)
August 2023 | Single Family Homes
Month to Date Year to Date August 2023 August 2022 % Change YTD 2023 YTD 2022 % Change New Listings 313 399 -21.55% 3759 4260 -11.76% Sold Listings 268 350 -23.43% 2396 3033 -21% Median List Price (Solds) $869,880 $899,900 -3.34% $850,000 $900,000 -5.56% Median Sold Price $857,130 $900,000 -4.76% $850,000 $935,890 -9.18% Median Days on Market 17 12 41.67% 15 8 87.5% Average List Price (Solds) $1,055,290 $1,092,016 -3.36% $1,084,341 $1,134,065 -4.38% Average Sold Price $1,046,413 $1,088,646 -3.88% $1,077,219 $1,152,078 -6.5% Average Days on Market 30 20 50% 32 20 60% List/Sold Price Ratio 99.4% 99.7% -0.32% 99.4% 101.9% -2.42%
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
August 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
August 2023 | Single Family Homes Average Sales Price| Average sales price for all properties sold.
Average
Market
Days on
| Average days on market for all properties sold.
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE August 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 August 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
August 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
August 2023 | Single Family Homes
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
August 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
August 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
August 2023 | Condo
SOLD AND NEW PROPERTIES (UNITS)
August 2023 | Condo
Month to Date Year to Date August 2023 August 2022 % Change YTD 2023 YTD 2022 % Change New Listings 327 414 -21.01% 4048 5045 -19.76% Sold Listings 286 317 -9.78% 2217 3127 -29.1% Median List Price (Solds) $492,500 $490,000 0.51% $499,900 $530,000 -5.68% Median Sold Price $484,950 $485,000 -0.01% $500,000 $533,000 -6.19% Median Days on Market 19 20 -5% 16 14 14.29% Average List Price (Solds) $564,146 $561,221 0.52% $609,401 $610,437 -0.17% Average Sold Price $559,614 $556,780 0.51% $604,463 $608,018 -0.58% Average Days on Market 44 34 29.41% 36 32 12.5% List/Sold Price Ratio 99.4% 99.3% 0.08% 99.5% 99.9% -0.47%
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
August 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
August 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 August 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 August 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
August 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
August 2023 | Condo
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
August 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
August 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
August 2023 | COOP
SOLD AND NEW PROPERTIES (UNITS)
August 2023 | COOP
Month to Date Year to Date August 2023 August 2022 % Change YTD 2023 YTD 2022 % Change New Listings 41 55 -25.45% 429 567 -24.34% Sold Listings 38 43 -11.63% 319 368 -13.32% Median List Price (Solds) $399,000 $375,000 6.4% $389,900 $354,900 9.86% Median Sold Price $397,500 $375,000 6% $380,000 $350,000 8.57% Median Days on Market 35 37 -5.41% 27 28 -3.57% Average List Price (Solds) $492,363 $574,302 -14.27% $483,406 $448,370 7.81% Average Sold Price $482,048 $558,141 -13.63% $471,406 $439,038 7.37% Average Days on Market 47 61 -22.95% 56 55 1.82% List/Sold Price Ratio 98.2% 97.5% 0.67% 98.1% 98.5% -0.45%
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
August 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
August 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 August 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 August 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
August 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
August 2023 | COOP
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price| the average active list price
ABSORPTION RATE
August 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
August 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.