Local sellers continue to get less, on a per-square-foot basis, for their properties than a year before, according to new data.
Across the metro area, the highest median per-square-foot cost for the first seven months of the year was in the District of Columbia, at $483. But D.C.’s median was down more than 10 percent from $540 per square foot during the same period in 2018, one of a number of local jurisdictions to see a double-digit tumble from the previous year.
Figures come from MarketStats by ShowingTime.
Other median per-square-foot costs across the local area included $411 in Arlington, down 11.6 percent from $465; $361 in Falls Church, down 15.3 percent from $426; $352 in Alexandria, down 1.4 percent from $357; $266 in Fairfax County, down 11.3 percent from $300; and $196 in Loudoun County, down 8.8 percent from $215.
(Average per-square-foot costs varied slightly, but also largely were down by similar margins as the median sales prices.)
The drop in per-square-foot costs comes even as median sales prices across the region have been rising.