In October, home prices fell slightly from the month before, with a median listing price of $584,975.
The number of listings on the market grew 1.7% from last month, which is a smaller increase than normal for this time of the year in Washington, D.C., and homes are also selling at the same pace as the same time last year.
Home prices in Washington, D.C.
Typically, home price per square foot in Washington, D.C. tend to rise in October. And the most recent data shows that the price per square foot increased by 1.1% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Capital City are outpacing the national market.
Washington, D.C. inventory
In October, there were 3,035 homes for sale in Washington, D.C., which was 1.7% more than the month before and 13.2% more than the same time last year.
Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001.
Time on market
Homes in Washington, D.C. take an average of 47 days to sell, according to October figures.
This is five days less than the previous month and the same as the same month last year.
For comparison, nationally homes spent an average of 63 days on the market in October.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Washington, DC.