Washington, DC Metro Area Housing Market, End of Year Metrics

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Real Estate Agent with Realty Group Referrals 16766

Washington, DC Metro Area Housing Market, End of Year Metrics

 

The Washington DC Metro Area housing market ended on a positive note in 2014, with nearly every indicator performing better than in December 2013.  Closed sales increased 8.0 percent from 2013, the first year-over-year increase in 2014.  Only two jurisdictions had fewer closed sales than last December: Washington, D.C. (-2.2 percent) and Alexandria City (-0.6 percent).  The total number of closed sales for the year was 6.0 percent below the total number sold in 2013.  However, the total number of closed sales in 2014 was above the annual totals of every year from 2007 to 2012.  In December, the number of new pending contracts increased 10.8 percent from December 2013, marking the second consecutive month of year-over-year growth and boding well for next month’s closed sales count. 

Inventory also increased and both active listings and new listings were higher than in December of last year.  The median sales price was above its year-ago level, increasing 4.3 percent to reach the highest December-level on record.  The median sales price for the calendar year increased 1.4 percent from 2013, reaching the highest level since 2007.

 

Conservatory, Longwood Gardens IMG 1814

Photograph by Roy Kelley

Roy and Dolores Kelley Photographs

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Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

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Rainmaker
974,759
Beth and Richard Witt
Long Island Cash Home Buyer - Huntington, NY
Long Island Cash Home Buyer 516-330-6940

Roy I am happy to hear that the Washington DC market is on the up-rise and I am not at all surprised... Happy Day

Jan 12, 2015 05:25 AM #1
Rainmaker
3,022,152
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It is nice to see those metrics up. I am trying to get my number sup but need some more homes to sell, they seem to sell too quick

Jan 12, 2015 05:42 AM #2
Rainmaker
1,321,116
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Roy, your Washington D.C. area has really done well and continues the trend...congrats to you...a model for us all.

Jan 12, 2015 07:10 AM #3
Rainmaker
5,428,489
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for your comments. It is always good to receive your feedback.

Jan 12, 2015 07:36 AM #4
Rainmaker
3,248,071
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Roy 

The Metro Washington DC real estate market is strong.

Good luck and success.

Lou Ludwig

Jan 12, 2015 11:06 AM #5
Ambassador
1,769,790
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Roy, excellent Washington, DC Metro Real Estate report, great news. Really good looking photo with the water fall.

Jan 12, 2015 12:47 PM #6
Rainmaker
4,797,528
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Roy, thanks for the excellent information about the Washington DC real estate market.

Jan 12, 2015 07:44 PM #7
Rainmaker
5,428,489
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is sometimes a good practice to revisit old blogs and reblogs. We might even find some good ideas for current posts.

Feb 07, 2019 02:13 PM #9
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Rainmaker
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Roy Kelley

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