DC Metro Area Real Estate Market Update 2015
January 2015 up in pricing, closed sales and new contracts from 2014
DCMA MARKET OVERVIEW JANUARY 2015
The DC Metro Area real estate market started stronger than Washington DC’s market thanks to higher inventory levels.
January 2015 results show increases in sales, prices, new contracts and inventories over January 2014. Closed sales rose by 4.5% from the start of 2014, and all property segments increased YoY. Only single-family detached prices stagnated at $450k, while townhomes and condos tweaked up by 1.4% and 4.7% respectively.
- New contracts spiked 6.2% from January 2014, the highest January-level since 2011 at 3,720 (slightly above the five-year average of 3,715) and above the ten-year average of 3,516.
- Inventories jumped a solid 18% above January 2014 levels, with all categories seeing double-digit increases, but still slightly under the five-year trend of 12,635.
- Average DOM (Days On Market) climbed to 10 days, but remain below the 5 year January level of 70 days.
- Pending sales increased by 6%.
DCMA full market report for January 2015
Copyright - All rights reserved The Isaacs Team LLC
The Isaacs Team LLC
Top-tier Washington DC Realtors
1121 5th Street NW DC 20001
Washington DC Top 50
Washingtonian Best 100
Trulia Top 1% Award
Washington Post Power Players
The Isaacs Team LLC is a Virginia Limited Liability Company
Districtre.com is DC's most informative real estate website
New condos in Washington DC & Northern Virginia; Logan Circle, Adams Morgan, Dupont Circle, Southwest DC, Capitol Hill, Eastern Market, Brookland, Georgetown, Penn Quarter, Glover Park, Cathedral Heights, LeDroit Park, H Street Corridor, U Street, 14th Street corridor, Mt. Vernon Triangle, Kalorama, Arlington VA, Alexandria VA, Vienna VA, Fairfax VA, McLean VA and Great Falls VA.
Equal Housing Opportunity