Rumors abound about the state of the current DC-area housing market…but what’s real and what isn’t? Are prices plummeting? Is inventory skyrocketing? Properties on the Potomac is here with some facts backed up by MLS data:

• There are a total of 2.3 million units in the DC Metro area;
• 3% of those units are currently on the market;
• The average price of listed homes is approximately $710,000;
• with an average of 78 days on the market.

This video by the Northern Virginia Association of Realtors® (NVAR) does a great job of explaining the current housing situation in the DC Metro area.

Worried about the market or want the latest on your specific neighborhood? Give Properties on the Potomac a call at 703-624-8333 today!