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

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    1The ONE Street CompanySamson PropertiesWashington, DC 393.0View Profile
    2Mollaan Babbington GroupCompassWashington, DC 280.0View Profile
    3Fulcrum Properties GroupKeller WilliamsWashington, DC 190.1View Profile
    4Mandy and David TeamCompassWashington, DC 172.5View 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.

    Real Estate News

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    Opinion: How real estate will come back stronger 

    Oct 14, 2024By

    The latest tumult in real estate feels like our world has been turned upside down yet again. But underneath all the frenzy, I see a genuine opportunity for us to turn this into a positive and come back even stronger than before. I often think of the term “Anti-fragile” from the book of the same name by Nassim Taleb. The principle is that people and organizations can build their success around being able to come back even stronger after a wallop, instead of just withstanding the impact. This is real estate’s moment to become even more anti-fragile.

    Housing Market News

    Houses-Neighborhoods, Single Family 33

    How have two hurricanes impacted housing inventory? 

    Oct 13, 2024By

    Has seasonality finally kicked in or did back-to-back hurricanes slow things enough to influence inventory data?

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    Agent News

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    Top agents boomerang back to Coldwell Banker Realty 

    Oct 09, 2024By

    Lynn Walsh of Massachusetts and Victoria Speer of North Carolina are returning return to the firm after time with other agencies.