Homeowners in the area who sold in the second quarter of 2021 saw an average profit of $150,000, according to the latest report from ATTOM Data Solutions.
While home sales in the DC region are slowing a bit due to an inventory shortage and high prices, the new condo market is seeing demand rise again.
The adage that it is a good time to be a home seller has never been more true in the DC region than over the past 18-24 months.
The 5 DC-Area Zip Codes Where Home Prices Appreciated The Most in 2021
Mortgage Rates Dip Back Below 3 Percent
The DC-Area Housing Market Breaks Records—Again.
Despite record home prices, buyer demand remained at an all-time high, amplifying competition and pushing inventory down.
A report out today on the regional housing market from Bright MLS finds that the median home price in DC was $686,500 in May, $11,000 higher than the previous record high for the city set last October.
DC Bidding Wars Escalate as U.S. Housing Crunch Intensifies
Take a look at the neighborhoods around DC where homebuyers are likely to face the most competition this year.