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DC Metro Market Update: June 2024 Week 1

By
Real Estate Agent with Samson Properties VA0225077251

Our weekly market report is finally here! What's in store for this week? Let's all check out the real estate market situation in the DC Metro area below.

Listings

New listings are up compared to a year ago. Historically, this week usually sees a dip in new listings, but listing activity was up compared to the same week in 2023.

Days on Market

Homes are staying on the market longer. The median time to contract is slower by one day this week with the exception of the Maryland/West Virginia Panhandle, the median time to contract increased compared to a week ago in all regions.

List Price

The overall median list price is up 1.2% from the previous week and a 6.2% jump compared to last year. However, list prices fell in certain regions. Despite the overall increase a few metro areas such as Washington, D.C., Central Pennsylvania, and the Maryland/West Virginia Panhandle have experienced a dip in their list prices over the past week. The median list price in the Washington, D.C. Metro is also down compared to the same week a year ago.

Got any questions about the real estate market in the DC Metro area? Let me know in the comments or connect with me today for more!

Posted by

 
                             
Associate Broker
MRP, ABR, ePRO

NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email - info@eNOVAHomes.com
Web: www.eNOVAHOMES.com
 
Residential real estate agent serving Northern Virginia in Fairfax & Loudoun county over a decade and almost $100+M in sales volume experience.