Washington, D.C.'s population is 6.2M, with a total workforce of 3.3M. The labor market grew by 72,300 jobs over the past year, up by 2.2%. The median household income in Washington, D.C. is $98,786, 3.1% higher than last year and 61.0% above the national average of $61,372. In the housing market, total permits issued totaled 25,187 over the last twelve months, up 8.8% year-over-year.
Washington, D.C. has 565 active new home projects on the market, 8.3% fewer than the 616 from last year. The average list price in the market is $558,161, 2.7% higher than last year and 74.4% above the national average. Over the last three months, new home contracts decreased by 5.4% to 2,868. Frederick and Upper Marlboro had the highest concentration of the new home contracts in the Washington, D.C. market.