DC Real Estate Market Update
JULY 2027
Mortgage Rates have crept up for three straight weeks — Freddie Mac’s 30-year fixed averaged 6.58% as of July 23, the highest since last August, driven by oil prices and inflation concerns rather than any single event. Fannie Mae and the MBA still expect rates to hold in the mid-6% range for the rest of the year.
JUNE LOOK-BACK
20002 is a bustle of activity. Closed sales jumped 19% year-over-year to 75 in June, with total sold dollar volume up nearly 29%. Prices held steady — median sold price ticked up a modest 1.4% to $710,000. Days on market normalized to 29 days after an unusually fast May, but that’s still 27.5% faster than this time last year.
20003 told a different story: fewer closings (33 in June, down from 48 in May) but at meaningfully higher price points — median sold price jumped 13.5% year-over-year to $1,070,000. And the homes that did sell moved quickly, with median days on market improving to 18 days.
DC-wide, median sold price actually eased to $700,000 in June (down 1.2% year-over-year) even as citywide closed sales kept climbing (+7.2%). Capitol Hill — especially 20003 — is outpacing that broader price trend right now.
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