DC Market Trends

Pictures and the story behind my renovation’s yellow pine to come soon (proud I am!), but first … I just wanted to say, shout out to all of the buyers who are successfully purchasing homes in Washington.

Why, you ask? Because, in short, buying in D.C. is competitive — with plenty more losers than winners. Check out these stats prepared by Real Estate Business Intelligence (RBI):

  • Median sales price of homes in the District jumped 9.5 percent in August 2015 when compared to August 2014
  • The median sales price was $520,000!
  • Inventory: It is a tight sellers’ market (ping me if you want specifics, it all comes down to months’ supply)
  • Demand is high: Most properties are under contract in less than 13 days

Washington, DC, you are expensive. But, there’s no place else I’d rather call home. I’m lucky, and thankful, to be able to. #Anacostia.

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