Supply still down in DC creating a strong seller market

Increased listing activity, price appreciation not reducing supply
  • Median days on the market drops to seven or eight days in a number of D.C. neighborhoods.
  • Condo/co-op sectors leads the way in terms of sales activity.
  • Median prices for townhomes and detached homes continue to increase by double digits year-over-year.

Recent pending sales data suggests home buying activity in Washington, D.C. should be up on a year-over-year basis during early 2016. While activity and pricing vary by for-sale segment, DC should also continue to favor sellers this year.