The number of units sold has decreased by 1.4% year-to-date in DC, 4.8% in Northern Virginia, 3.1% in Montgomery County, 1.1% in Anne Arundel County, and 2.2% in Prince George’s County. (1/1/18-7/30/18 vs 1/1/19-7/30/19)

Across the DMV, the time homes were on the market before being sold, on average, increased year-to-date – from 31 to 39 days in DC, 31 to 32 days in Northern Virginia, 41 to 51 days in Montgomery County, 50 to 59 days Anne Arundel County, and 39 to 54 days in Prince George’s County.

(1/1/18-7/30/18 vs 1/1/19-7/30/19)

At the same time, the median price of sold homes increased by 1.7% in DC, 2.6% in Northern Virginia, 5.0% in Montgomery County, 8.7% in Anne Arundel County, and 3.3% Prince George’s County compared to the prior year. (June 2018 vs June 2019)

Market Update: Across the board, the amount of homes sold throughout the DMV has decreased, while the prices at which they sold were high compared to the prior year. In summary, the demand for homes isn’t as great as it was a year ago, so there is more room for negotiation on the buyer side.