• The year-to-date median home price in DC is $520,000.
  • Sub-3 percent year-over-year price appreciation ranks DC among the bottom performing metros nationally.
  • Roughly one out of every ten sales in the DC metro involves a distressed home.

When compared to other large metros, the Washington, D.C.-Arlington-Alexandria housing market has performed poorly when it comes to year-over-year and quarterly price appreciation.

However, when compared only with its historical performance the DC metro has set price records.

During the August to November “quarter” the median price of a home rose by only 0.4 percent in DC when compared to the previous three-month period (May through July), according to a Clear Capital index. When compared to other metros, DC had the ninth lowest quarter-to-quarter appreciation.

On a year-over-year basis Clear Capital cites a 2.3 percent increase in home values for the metro.

Looking only at October, home values rose by 2.8 percent year-over-year, according to the Greater Capital Area Association of Realtors. This despite a double-digit drop in monthly sales activity.

Despite sub-3 percent year-over-year gains, the median price of a DC home in October reached $514,000, the highest October level on record. Additionally, the metro’s cumulative year-to-date median price of $520,000 reflects a 4.2 percent period-over-period gain.

Likely aiding home prices, only 12 percent of closings in the metro were distressed sales during the past four months.

Of note, in October sellers on average received 99 percent of their original list price, according to the association.

Email Erik Pisor

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription