DC Real Estate Market Update
AUGUST 2026
Summer brought the usual slowdown to Washington DC’s housing market — but underneath the seasonal quiet, the data reveals something worth paying attention to, whether you’re thinking about buying, selling, or simply keeping tabs on your home’s value.
Mortgage Watch
30-Year Fixed Rate — August 2026
6.66% Per Freddie Mac (Aug 27, 2026). Rates hit a 2026 low of ~5.98% in February before rising on geopolitical tensions. The Fed held rates steady in July. Fannie Mae projects rates near 6.4% by year-end — modest relief possible. Notably, today’s rate is below last July’s 6.72%.
JULY LOOK-BACK
Capitol Hill Spotlight
20002
- 55 closed sales in July | Median price: $720,000 — up 11.6% year-over-year
- Price rose slightly from June ($710K → $720K) even as summer slowed volume
- Median DOM: 27 days — dramatically improved vs. 63 days last July (-57% YoY)
- For sellers: Your appreciation is real and demonstrable. Price to today’s market.
- For buyers: This ZIP has outperformed DC-wide — waiting costs more than it saves.
20003
- 32 closed sales | Median price: $899,750 — down from June’s $1,070,000 peak
- Context: June’s spike reflected a concentration of high-end closings; July’s mix is more typical
- Median DOM: 24 days — slightly slower than June’s 18 days, but still a healthy pace
- For sellers: Values remain strong; price to the current mix, not the June spike.
- For buyers: The pullback from $1,070,000 → $899,750 is a real entry-point opportunity.
Washington, DC — Overall Market (July 2026)
- 608 homes closed — down 7% from June’s 654, essentially flat vs. last July Seasonal
- Median sold price: $672,500 — down 3.9% from June’s $700,000; nearly identical to July 2025 (-0.4% YoY) Values Holding
- Median days on market: 30 days — up from June’s 23 days (summer pace), but 11.8% faster than July 2025’s [34 days Better Than Last Year]
- New listings slowing — typical summer pattern; inventory remains lean, keeping supply-demand balanced
- Bottom line: A healthy pause, not a reversal. Priced-right homes are moving in a month.
Want to know how these trends affect your price point or neighborhood?
Call or text 202.243.7707 for a free consultation—book a time with one of our Buyer Experts or our Listing Team to map out your spring strategy.
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