Median price for DC house is $570,000

WASHINGTON — Listing service MRIS’ local housing data is chock full of statistics about prices, sales and trends, and among stats that jump out: The median selling price of a house or a condo in the D.C. is now $130,000 higher than the median price across the entire region.

Based on May sales, MRIS data shows the District’s median price was $570,000, up 1.9 percent from a year ago. That is compared to a regional median price in May of $430,000.

D.C.’s median price is more than twice the median price in Prince George’s County, $250,000.

The median price in Alexandria City in May was $538,000, up 3.1 percent from a year earlier. The median price in Arlington County was 4.5 percent lower than a year ago, at $535,000.

It was also a busy month for the D.C. residential real estate market.

The number of closed sales last month — 5,432 of them — was the highest number of sales closed in a May in 10 years. Sales were up 12.3 percent from a year ago, and up 16.1 percent from April.

May saw the second-highest number of closed sales since August 2006.

While sales are brisk, price appreciation remains mixed across the D.C. region. Across the region, the median price in May was 1.1 percent lower than a year ago.

Jeff Clabaugh

Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.

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