DC Real Estate Market Reports
Overall inventory was also at its lowest level in a decade.
Blame supply and demand—or the number of affluent tenants in the Washington metro region.
A new report for September, in fact, shows historically low levels of available homes for sale and a steady increase in the region’s median price.
No. 1: 20037, which covers parts of Foggy Bottom, West End, and Dupont Circle.
Most of the searchers are in the vicinity of New York City, according to HotPads.
The median home sales price was $465,000, a record for the decade.
220,000 families are at particular risk of displacement from high housing prices.
But it appears to be up in Arlington, where Amazon is putting its new headquarters.
The metro area ranks 52 out of 58 for ease of new development.
The plans for Amazon’s second headquarters are driving activity, Redfin says.
D.C.’s median sales price was $592K. That of the metro area was $470K
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That puts the city behind only San Francisco and New York, per a recent study
The median rent for transit-accessible one-bedroom homes increased 2.4 percent
Three-quarters of D.C.’s residential tax lots allow only single-family homes by right
The price rose 99.9 percent in one year, to nearly $1.6 million last month
Researchers also found that large homes are unevenly distributed across the city
It’s still a strong seller’s market
New data indicate significant increases in home prices since March 2018
It’s the latest sign of the "Amazon effect" on the local real estate market
Tenants also want air-conditioning and a balcony, and they’d love it if their apartments came furnished.
The district is proving a fertile ground for a new breed of tenants: Those households making $150,000 and up.
The city’s median one- and two-bedroom rents both stand at well over $2,000 a month, according to listings site Zumper.
Some were highs, others were lows. And WeWork is now the District’s largest private office tenant
The area is widely seen as a frontrunner in the competition over the planned headquarters
The District’s prosperity has not benefited all residents, the D.C. Chamber of Commerce says
But there is good news for tenants, according to a new Zumper report: Median rents have declined year-over-year.
The percentage of Washington, D.C., tenant households paying at least 30 percent of their monthly income toward rent decreased to 47.1 percent in 2017 from 48.2 percent in 2016, according to a new analysis. Yay?
The analysis looked at the average one- and two-bedroom rents in 50 big cities nationwide, and, from that, extrapolated how much splitting such rents—with a roommate or somebody else—can save a tenant. Hold on.
Officials want to find out using a comprehensive database
According to a new report by the National Low Income Housing Coalition
RENTCafe crunched the numbers on the average rent in Washington
That’s if homebuyers put down 20 percent.
More than one in two homebuyers in Los Angeles made sight-unseen offers.