The magic number in the District is now $640,000.
That is the median price of a home that sold in D.C. in July, 10% higher than the median selling price a year ago.
Long & Foster data also shows the number of sales in July reached almost 1,000, up 16% from July 2019, and homes were selling faster.
“The days on the market are remarkably low in and around Washington, D.C.,” said Larry “Boomer” Foster, president of Long & Foster Real Estate.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
