Reply to Zillow data shows DC with 3rd largest price drop in the Nation

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not sure where these numbers come from, or what specifically they are referring to. Washington DC proper? And is this for all homes - Single family, townhomes, and condo's? So many questions about this chart the OP posted.

Here are some actual stats directly from our region's MLS for the month of April:

Here’s how local markets performed compared to April 2024: Sales were down, but prices actually increased slightly.

Washington, D.C. Metro
Closed Sales: 4,454 (-1.4%)
Median Sales Price: $655,215 (+2.4%)
Median Days on Market: 7 days (+1)

Alexandria City, VA
Closed Sales: 163 (-12.8%)
Median Sales Price: $790,000 (+5.3%)
Median Days on Market: 6 days (+1)

Arlington County, VA
Closed Sales: 219 (-9.5%)
Median Sales Price: $810,000 (+3.5%)
Median Days on Market: 7 days (+1)

Fairfax City, VA
Closed Sales: 33 (+22.2%)
Median Sales Price: $840,000 (+1.2%)
Median Days on Market: 6 days (+1)

Fairfax County, VA
Closed Sales: 1,148 (-0.9%)
Median Sales Price: $775,000 (+3.3%)
Median Days on Market: 6 days (+1)

Falls Church City, VA
Closed Sales: 21 (+133.3%)
Median Sales Price: $1,350,000 (+17.4%)
Median Days on Market: 5 days (+1)

Frederick County, MD
Closed Sales: 302 (+8.2%)
Median Sales Price: $471,726 (+2.5%)
Median Days on Market: 7 days (no change)

Loudoun County, VA
Closed Sales: 476 (+6.3%)
Median Sales Price: $805,000 (+3.4%)
Median Days on Market: 6 days (+1)

Montgomery County, MD
Closed Sales: 871 (+0.3%)
Median Sales Price: $670,000 (+3.1%)
Median Days on Market: 7 days (+1)

Prince George's County, MD
Closed Sales: 670 (-5.9%)
Median Sales Price: $454,445 (+5.6%)
Median Days on Market: 14 days (+4)

Washington, DC
Closed Sales: 551 (-6.3%)
Median Sales Price: $750,000 (+6.3%)
Median Days on Market: 18 days (+3)

[/quote]

This seems about right to me, not sure where OP was getting those numbers or if that was for the District only. [/quote]

First set of numbers are DC only. What those numbers show is that fewer people in DC proper are selling houses this year but those who are selling are getting higher prices, though they have to wait one day longer to sell - -7 days gasp![/quote]

I don’t see how your analysis could be true.,I didn’t dig into this, but what I see from the Zillow data is that the average DC home value is down 3% year over year. Zillow also says 20 median days to pending. I didn’t see 7 anywhere.

https://www.zillow.com/home-values/41568/washington-dc/[/quote]

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