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[quote=Anonymous][quote=Anonymous]These numbers disturb me. We hope to sell our DC home early in the new year.

https://dcrealtors.org/wp-content/uploads/sites/2/2018/11/October-2018.pdf

[list]"[b]- Closed sales.[/b][b] The 742 October sales represented a 10.7 percent decrease versus last year and above the
October five-year average of 718.[/b] The 7,697 cumulative year-to-date sales are .8 percent lessthan the number
sold through October of last year.

[b]- Contract activity.[/b] There was a 10.7 percent drop in contract activity compared to last October. The 777 overall
new pending sales fell below the five-year October average by 6.0 percent.

[b]- Listing activity.[/b] The number of new listings increased 8.1 percent compared to last October. The 1,263 new
listings are significantly above the five-year October average of 1,108.

[b]- Inventory.[/b] The 1,816 active listings at month’s end are 13.9 percent more than at the same point last year.

[b]- Months of Supply.[/b] Supply remains scarce relative to demand, continuing to drive a strong seller’s market in
the District. The 1,816 active listings represent just 2.5 months of supply.

[b]- Prices.[/b] October’s median sales price was $602,250, up 9.5 percent from last year’s median and ranks as the
highest October level on record.

[b]- Sales Price to Original List Price Ratios (SP to OLP).[/b] Half the sellers received 100.0 percent of original list price
or less, the same as last October."[/list][/quote]

If you were around last year - a lot of people bought homes in Fall 2017 cadging bets that HRC would lose, mortgage rates would go up, and broader policies would impact their abilities to buy in 2018. They were right. Nov. 6th was a shock to a lot of people and feds started raising rates immediately in Jan 2018.

Hence the reason sales are 'down' in October 2018 versus October 2017 but still above the five-year average. [/quote]

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