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Washington, D.C.

Home to monuments, museums, and politics, alongside traffic congestion and varied housing options in the nation's capital.

55,100

Jobs Created
1.7%

$101,838

Median Household Income
2.2%

25,187

Total Housing Permits
8.8%

555

Total Number of Projects
-9.5%

$539,047

SFD New Home List Price
-4.8%

2,600

New Home Sales
-17.1%
Monthly

Market Health

Washington, D.C. s population is 6.2M, with a total workforce of 3.3M. The labor market grew by 55,100 jobs over the past year, up by 1.7%. The median household income in Washington, D.C. is $101,838, 2.2% higher than last year and 65.9% above the national average of $61,372. In the housing market, total permits issued totaled 25,187 over the last twelve months, up 8.8% year-over-year. Washington, D.C. has 555 active new home projects on the market, 9.5% fewer than the 613 from last year. The average list price in the market is $539,047, 4.8% lower than last year and 74.1% above the national average. Over the last three months, new home contracts decreased by 17.1% to 2,600. Frederick and Upper Marlboro had the highest concentration of the new home contracts in the Washington, D.C. market.

Our Experts

Work with leaders in the industry.

Tim Sullivan

Senior Managing Principal

Tim Sullivan

Senior Managing Principal

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