Washington, D.C.'s population is 6.2M, with a total workforce of 3.3M. The labor market grew by 64,100 jobs over the past year, up by 2.0%. 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 569 active new home projects on the market, 7.5% fewer than the 615 from last year. The average list price in the market is $549,990, 1.6% lower than last year and 71.8% above the national average. Over the last three months, new home contracts increased by 3.0% to 3,110. Frederick and Fredericksburg had the highest concentration of the new home contracts in the Washington, D.C. market.