Washington, DC : Market Report for January

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

Washington DC and Arlington County saw an Average Sold Price, higher than it was for last January. The exception being Prince Georges and Montgomery Counties, 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.

DAYS on the Market; shows how many days it is taking to sell a home. Arlington County has the lowest Days on the Market, followed closely by Washington DC.

% of List Price; is the AVERAGE % of the LIST Price that a home is selling. In January the % sold vs List price is the LOWEST it has been in years - with the exception of the District where it increased over 2% from December.

Washington DC

$ 556,511 +11.46 % 318 -37.03 % 87 7.41 % 92.74%

Arlington County (VA)

$ 561,535 +12.99% 94 -48.35% 85 3.66% 93.60%

Montgomery County (MD)

$ 494,623 -8.08% 425 -43.03% 120 30.43 % 90.47%

Prince Georges County (MD)

$ 307,435 -8.94% 291 -9.12% 131 81.94% 91.32%

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