The data from these charts shows the sale of single-family homes in the Washington metropolitan area continued to make strides in the first half of this year. The average sale price increased or remained close to the healthy 2014 figures in the three jurisdictions.* The number of sales also increased in most neighborhoods. The days on market rose slightly, but the competition for well-priced homes in all price ranges was still prevalent with many houses being sold with back-up contracts and disappointed buyers. This summer has proven to be one of the most active in years and the outlook for fall signals a very good end to the year for both buyers and sellers.

      If you have any questions about these charts or the value of your home in today’s market, do not hesitate contacting me. As you may know, I recently joined Washington Fine Properties, which is ranked the nation’s #1 real estate firm in the country for average sale price and the only local firm chosen as a Regent’s member of the Luxury Real Estate network, which includes the very finest and most experienced luxury real estate firms in the industry.

* Factors that can sometimes skew neighborhood average sale price include a low number of sales, an unusually large increase in the number of sales, and the sale of one or more very high-end properties in a neighborhood.

Data from MRIS