Top Mega Teams in Washington, D.C. – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    2Mollaan Babbington GroupCompassWashington, DC$209,469,199View Profile
    3The ONE Street CompanySamson PropertiesWashington, DC$178,569,347View Profile
    6Mandy and David TeamCompassWashington, DC$165,070,154View Profile
    14Fulcrum Properties GroupKeller WilliamsWashington, DC$114,436,391View Profile

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    2023 Washington, D.C. Market Summary

    Washington, D.C. started 2023 with a total of 719 single-family homes on the market, with a median home price of $779,500 and an average price per square foot of $511. By the end of the year, inventory had decreased to 709 homes on the market (-1%), with a median home price of $799,000 (+2%) and an average price per square foot of $524 (+2%).

    At the start of 2023, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 84 days.

    Washington D.C. started the year with 45% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 43% of Washington D.C. homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Washington D.C. started 2023 as a strong seller’s market, with an MAI score of 47; by the end of the year, the MAI had dropped to 34 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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