Sponsors make our local reporting possible. Please join us in supporting organizations that invest in the local community.
This regularly scheduled sponsored column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. If you would like to work with Eli and his team in Northern Virginia and the greater D.C. Metro area, you can reach him directly at Eli@
Eli and his team believe that your real estate needs should be managed by advisors, not salespeople. Their mission is to guide, educate, and advocate for their clients through real advice, hands-on support, and personalized service.
Question: How did the D.C. area market perform last year?
Answer: Most of the D.C. area housing market put forth a strong performance in 2024, which meant good times for sellers and harder time for buyers. One of the few exceptions was the Washington, D.C. condo market, which saw lower demand, increasing inventory, and downward pricing pressure.
D.C. Area Appreciation Almost Double National Appreciation
The average sold price of homes in the Greater D.C. Area increased by 6.7% in 2024, compared to the National average of 3.8% (lower by some sources), led by another year of strong price growth of detached single-family homes.
Over the past ten years, homes in the Greater D.C. Area have appreciated by an average of 4.6% with the last annual decrease coming in 2009.

Historically Low Numbers of Homes Traded Hands
Fewer homes have traded hands in the past two years than any other 24-month period in the last thirty years, despite the population and housing supply increasing significantly during that period. The number of homes sold in 2023 and 2024 are 24% and 22% lower than the ten-year average from 2013-2022.













