Washington D.C. Real Estate Market Report

Listing prices for homes in D.C. dropped in June, but median sales prices remain higher than a year ago.

For the week ending June 27, 2012, the average listing price in the District of Columbia fell to $805,389 (0.7% lower than the prior week), according to Trulia.com, an online source for real estate data.

While the average listing price inched downward recently, the median sales price reached $410,000 - which represents a 5.7% increase since last year. Trulia.com also reported increases in average price/sqft ($397, +10.3%) and number of sales (1,054, +10.4%).

Freddie Mac reported that home mortgage rates in the District of Columbia and the Southeastern U.S. fell over the past week with the 30 year fixed rate average dipping to 3.56% (.7 points) and the 15 year fixed rate average slipping to 2.86% (.7 points).


The most popular neighborhoods in the D.C. area for real esrare sales were Dupont Circle, Georgetown, Columbia Heights, Adams Morgan and Brightwood Park. Of these five, Georgetown was the only neighborhood to experience an increase in the average listing price ($2,407,719, +5.1%).

At the time of this writing, there were currently 1,873 homes for sale, 18 open houses and 128 foreclosures.

Please note these figures are pulled from public data and are subject to change without notice. For the most accurate and up-to-date information on Washington D.C. real estate, contact an agent in the area. For information on D.C. mortgage rates and popular D.C. home financing, speak with an experienced lender using the mortgage rate tables at www.ForTheBestRate.com.