KELLERWILLIAMS REALTY ÂŽ
Q3 2018 MARKET REPORT W W W . K W M E T R O C E N T E R . C O M
The third quarter results are in and they continue to show a market in flux. Home sale price increases (NOVA +3.2%, Washington, D.C. +2.7% & Montgomery Co +3.7%) kept pace with forecasted projections and are generally the highlight of the numbers across all markets. Unit sales continue to lag behind with some exceptions (Alexandria up 3.6% qtr) with depressed inventory levels being the main driver behind this metric. The exception being Wash DC which has experienced a rise in housing stock over the past few months.
10,120 UNITS SOLD
Many factors will drive the health of the market over the next few months. Seasonality will play a part in the fall/winter selling season but rising interest rates may actually offset sales in a positive manner in the near term. In addition, new construction declines will put upward pressure on resales and as our region continues to add jobs housing demands will rise. Expect sales to continue on a level of last year.
$530,508
$5.4 B
AV E R AG E S A L E P R I C E
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