October 2023 - Coldwell Banker Area Report

AREA REPORT

AREA REPORT Washington, DC

FULL MARKET SUMMARY October 2023 | All Property Types Month to Date

Year to Date

October 2023

October 2022

New Listings

876

1122

Sold Listings

460

Median List Price (Solds) Median Sold Price

YTD 2023

YTD 2022

-21.93%

10527

12556

-16.16%

590

-22.03%

5893

7688

-23.35%

$699,000

$650,000

7.54%

$639,900

$659,000

-2.9%

$683,000

$649,950

5.09%

$630,000

$658,750

-4.36%

13

13

0%

16

12

33.33%

Average List Price (Solds)

$873,702

$801,929

8.95%

$835,085

$835,348

-0.03%

Average Sold Price

$864,995

$797,011

8.53%

$827,889

$840,280

-1.47%

31

31

0%

35

28

25%

99.4%

0.01%

100.6%

-1.26%

Median Days on Market

Average Days on Market List/Sold Price Ratio

99.5%

SOLD AND NEW PROPERTIES (UNITS) October 2023 | All Property Types Sold Properties | Number of properties sold during the year New Properties | Number of properties listed during the year.

% Change

99.3%

% Change

MEDIAN SALES PRICE AND NUMBER OF SALES October 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 October 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 AS A PERCENTAGE OF ORIGINAL PRICE October 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 October 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.

PROPERTIES FOR SALE AND SOLD PROPERTIES October 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 October 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 October 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 October 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 October 2023 | Single Family Homes Month to Date

Year to Date

October 2023

October 2022

New Listings

417

524

Sold Listings

233

Median List Price (Solds) Median Sold Price

YTD 2023

YTD 2022

-20.42%

4854

5514

-11.97%

283

-17.67%

2876

3567

-19.37%

$899,555

$899,000

0.06%

$850,000

$899,900

-5.55%

$910,000

$899,000

1.22%

$850,000

$925,000

-8.11%

11

11

0%

15

8

87.5%

Average List Price (Solds)

$1,139,563

$1,094,669

4.1%

$1,090,587

$1,123,134

-2.9%

Average Sold Price

$1,132,250

$1,088,695

4%

$1,082,330

$1,137,633

-4.86%

26

24

8.33%

32

21

52.38%

100%

-0.16%

99.3%

101.6%

-2.22%

Median Days on Market

Average Days on Market List/Sold Price Ratio

99.8%

SOLD AND NEW PROPERTIES (UNITS) October 2023 | Single Family Homes Sold Properties | Number of properties sold during the year New Properties | Number of properties listed during the year.

% Change

% Change

MEDIAN SALES PRICE AND NUMBER OF SALES October 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 October 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 October 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 October 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 October 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 October 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 October 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 October 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 October 2023 | Condo Month to Date

Year to Date

October 2023

October 2022

New Listings

412

538

Sold Listings

198

Median List Price (Solds) Median Sold Price

YTD 2023

YTD 2022

-23.42%

5114

6322

-19.11%

270

-26.67%

2638

3673

-28.18%

$517,450

$499,500

3.59%

$499,900

$525,000

-4.78%

$509,000

$489,950

3.89%

$499,900

$525,000

-4.78%

14

14

0%

17

15

13.33%

Average List Price (Solds)

$632,442

$548,107

15.39%

$608,502

$603,061

0.9%

Average Sold Price

$621,534

$544,203

14.21%

$603,014

$600,362

0.44%

32

33

-3.03%

36

32

12.5%

99.1%

0.12%

99.4%

99.8%

-0.4%

Median Days on Market

Average Days on Market List/Sold Price Ratio

99.2%

SOLD AND NEW PROPERTIES (UNITS) October 2023 | Condo Sold Properties | Number of properties sold during the year New Properties | Number of properties listed during the year.

% Change

% Change

MEDIAN SALES PRICE AND NUMBER OF SALES October 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 October 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 October 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 October 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 October 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 October 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 October 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 October 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 October 2023 | COOP Month to Date

Year to Date

October 2023

October 2022

New Listings

47

60

Sold Listings

29

Median List Price (Solds) Median Sold Price

YTD 2023

YTD 2022

-21.67%

559

720

-22.36%

37

-21.62%

379

448

-15.4%

$320,000

$330,000

-3.03%

$379,000

$355,000

6.76%

$312,750

$310,000

0.89%

$375,000

$351,950

6.55%

20

31

-35.48%

23

29

-20.69%

Average List Price (Solds)

$384,877

$415,083

-7.28%

$473,344

$448,435

5.55%

Average Sold Price

$379,994

$410,845

-7.51%

$462,311

$439,747

5.13%

57

73

-21.92%

56

56

0%

97.7%

0.25%

98.4%

-0.45%

Median Days on Market

Average Days on Market List/Sold Price Ratio

98%

SOLD AND NEW PROPERTIES (UNITS) October 2023 | COOP Sold Properties | Number of properties sold during the year New Properties | Number of properties listed during the year.

% Change

98%

% Change

MEDIAN SALES PRICE AND NUMBER OF SALES October 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 October 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 October 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 October 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 October 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 October 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 October 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 October 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, but not be limited to, county records and the Multiple 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 and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.