Available homes in DC on the rise in March

Market conditions suggest now is a good time to sell in the district
  • The volume of closed sales in the district during March were up by 12 percent year-over-year.
  • The median sales price of a district-area home was relatively unchanged from March 2015 to March 2016.
  • The district's condo/townhouse sector is seeing the biggest shift in buying activity this spring.

Washington D.C.’s for-sale housing inventory is starting to build during a period of increased sales activity.

At the end of March supply within the district was up by nearly 22 percent year-over-year, reaching roughly 2.5 months, according to data from Metropolitan Regional Information Systems (MRIS).

An estimated 1,261 new listings hit the market last month in D.C.