September 2023 - Coldwell Banker Area Report

AREA REPORT SEPTEMBER 2023

AREA REPORT Washington, DC

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

Year to Date

September 2023

September 2022

New Listings

1044

1562

Sold Listings

441

Median List Price (Solds) Median Sold Price

YTD 2023

YTD 2022

-33.16%

9496

11434

-16.95%

570

-22.63%

5415

7098

-23.71%

$625,000

$622,250

0.44%

$635,000

$659,900

-3.77%

$620,000

$618,500

0.24%

$625,000

$660,000

-5.3%

21

19

10.53%

17

11

54.55%

Average List Price (Solds)

$856,163

$764,143

12.04%

$832,491

$838,126

-0.67%

Average Sold Price

$842,522

$759,205

10.97%

$825,466

$843,877

-2.18%

41

33

24.24%

36

28

28.57%

99.4%

-0.93%

99.3%

100.6%

-1.36%

Median Days on Market

Average Days on Market List/Sold Price Ratio

98.5%

SOLD AND NEW PROPERTIES (UNITS) September 2023 | All Property Types 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 September 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 September 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 September 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 September 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 September 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 September 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 September 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 September 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 September 2023 | Single Family Homes Month to Date

Year to Date

September 2023

September 2022

New Listings

477

730

Sold Listings

217

Median List Price (Solds) Median Sold Price

YTD 2023

YTD 2022

-34.66%

4355

4990

-12.73%

251

-13.55%

2633

3284

-19.82%

$865,750

$849,900

1.86%

$850,000

$899,900

-5.55%

$840,000

$850,000

-1.18%

$850,000

$927,000

-8.31%

23

14

64.29%

15

8

87.5%

Average List Price (Solds)

$1,160,589

$1,023,130

13.44%

$1,088,146

$1,125,587

-3.33%

Average Sold Price

$1,138,698

$1,018,265

11.83%

$1,079,847

$1,141,851

-5.43%

41

27

51.85%

32

21

52.38%

99.8%

-1.61%

99.3%

101.7%

-2.37%

Median Days on Market

Average Days on Market List/Sold Price Ratio

98.2%

SOLD AND NEW PROPERTIES (UNITS) September 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 September 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 September 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 September 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 September 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 September 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 September 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 September 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 September 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 September 2023 | Condo Month to Date

Year to Date

September 2023

September 2022

New Listings

503

739

Sold Listings

194

Median List Price (Solds) Median Sold Price

YTD 2023

YTD 2022

-31.94%

4633

5784

-19.9%

276

-29.71%

2432

3403

-28.53%

$489,000

$489,450

-0.09%

$499,900

$525,000

-4.78%

$489,450

$482,000

1.55%

$499,900

$529,900

-5.66%

20

21

-4.76%

17

15

13.33%

Average List Price (Solds)

$576,910

$573,244

0.64%

$606,339

$607,421

-0.18%

Average Sold Price

$571,378

$568,562

0.5%

$601,343

$604,818

-0.57%

39

35

11.43%

36

32

12.5%

99.1%

-0.25%

99.9%

-0.44%

Median Days on Market

Average Days on Market List/Sold Price Ratio

98.9%

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

% Change

99.4%

% Change

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

Year to Date

September 2023

September 2022

New Listings

64

93

Sold Listings

30

Median List Price (Solds) Median Sold Price

YTD 2023

YTD 2022

-31.18%

508

660

-23.03%

43

-30.23%

350

411

-14.84%

$379,000

$369,000

2.71%

$384,950

$355,000

8.44%

$380,000

$370,000

2.7%

$379,500

$353,900

7.23%

21

30

-30%

26

28

-7.14%

Average List Price (Solds)

$459,984

$477,688

-3.71%

$480,674

$451,437

6.48%

Average Sold Price

$453,580

$470,679

-3.63%

$469,131

$442,348

6.05%

55

53

3.77%

56

55

1.82%

98.6%

-0.87%

98.5%

-0.52%

Median Days on Market

Average Days on Market List/Sold Price Ratio

97.7%

SOLD AND NEW PROPERTIES (UNITS) September 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 September 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 September 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 September 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 September 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 September 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 September 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 September 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 September 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.