Washington DC Market Report for December

The month of December had mixed results around the DC Metro area. 

Most areas (inside the beltway) saw an Average Sold Price, higher than it was for last December.  The exception being Prince Georges County, where the average sold price continues to fall due to such a high inventory of homes for sale.

Number of Homes Sold; continues to be lower than last year.  In fact only DC and Arlington had positive numbers (in the Spring) for any month this year. 

DAYS on the Market; shows how many days it is taking to sell a home. Arlington County has the lowest Days on the Market of any of these areas of the DC metro area.

% of List Price; is the AVERAGE % of the LIST Price that a home is selling.  In December the % sold vs List price is the LOWEST it has been all year.  Even though December traditionally has the lowest %; every jurisdiction is lower than last year.

Washington DC

$ 550,041              +8.75 %                  472               -20.54 %           80               15.94 %              90.63%

Arlington County (VA)

$ 576,159              +4.33%                   184                -26.40%            73                1.39%              93.75%

Montgomery County (MD)

$ 519,017              +1.19%                    576               -40.19%            113              36.14 %            92.08%

Prince Georges County (MD)

$ 336,506              -3.07%                     390               -55.68%            118              78.79%            91.95%

Call James for all your Real Estate needs and questions; servicing Prince George County, Arlington and the rest of the Surrounding Washington DC area.