DC housing market steady despite the season

DC housing market strides forward with strong inventories yet slide in market days
  • DC's housing market is still strong going into the winter months.
  • The only downward tick in the RealEstate Business Intelligence report recovered in November.
  • The market continues to show year-over-year gains in most metrics.

The DC metro market keeps on sprinting forward in a pace that it has maintained for well over a year, even overcoming a seasonal blip seen in the RealEstate Business Intelligence (RBI) month numbers for October. In November, RBI noted that 3,347 sales closed for a 10.2 percent year-over-year gain. That’s a more than likely seasonal drop from the 3,871 sales that closed in October. But, that’s still good for the 12th consecutive month of year-over-year gains.