Using RBI’s robust market data, I set out to provide some context for state of the Washington, DC metro area housing market today by showing how we got here. I wanted to show the relationship between the year-over-year change in average sales price and the listing discount (the % change between the original list price and the sales price). In other words, take a look at how prices have been trending, how close or far apart buyers and sellers were as a result and what were some of the milestones that affected the changes.
As usual, I got a little carried away and placed the red arrow ensnared graphic with the rundown over at Curbed DC (they came up with the title).
But what better way to spend a Friday afternoon then pouring over a chart with way too much information on it?