"In November, home prices fell moderately from the month before, with a median listing price of $574,900. The number of listings on the market shrank 5.0% from last month, which is a bigger decrease than normal for this time of the year in Washington, D.C., and homes are also selling slower than at the same time last year. Typically, home price per square foot in Washington, D.C. tend to fall in November."
"And the most recent data shows that the price per square foot decreased by 0.3% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Capital City are smaller the national market. In November, there were 2,882 homes for sale in Washington, D.C., which was 5.0% less than the month before and 10.1% more than the same time last year."
"Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. The number of new listings in Washington, D.C. was 688, which was 24.1% less than the month before and 1.7% less than the same time last year. Nationally, the number of new listings fell by 14.1% from last month to 330,908. Homes in Washington, D.C. take an average of 60 days to sell, according to November figures."
Median listing price in Washington, D.C. was $574,900 in November. Home price per square foot decreased 0.3% month-over-month, compared with a 1.2% national decline. Active inventory in D.C. totaled 2,882 homes, down 5.0% from October and up 10.1% year-over-year. New listings numbered 688, a 24.1% drop from the prior month and a 1.7% decline year-over-year. National active inventory fell 2.5% to 1,072,266 and national new listings fell 14.1% to 330,908. Homes in Washington, D.C. averaged 60 days on market, 13 days longer than the previous month and six days longer than last November; the national average was 64 days.
Read at SFGATE
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