Metro DC Average Days on Market: 2011 07Posted: August 23, 2011
It Takes Longer to Sell Homes in 2011 Throughout the Metro DC Region
The graph below compares the 2010 average days on market for the metro DC region and its component jurisdictions to the year-to-date average through July in 2011.
In every case, the 2011 average days on market has increased compared to last year:
- Metro DC + 16.9%
- Loudoun + 25.3%
- Montgomery + 17.4%
- NVAR + 17.1%
- Prince George’s + 8.1%
- PWAR + 34.0%
- District of Columbia + 10.4%
PWAR (Prince William County and the cities of Manassas and Manassas Park) has the lowest 2011 average in the region at only 54 days. However, it has also seen the largest increase from 2010 (40 days, +34 percent). Prince George’s County had the smallest jump compared to last year and it’s the only area with less than a 10 percent increase. However, its 2011 year-to-date average days on market far outpaces the average in other areas in metro DC (81 percent higher than PWAR).