Alexandria saw the only drop in median selling price, down 12 percent from a year ago to $474,950. The change was based on 280 closed sales.
Montgomery County still commands the highest prices in suburban Maryland, with a median selling price of $445,000 in May, up 6 percent. The median price in Prince George’s County rose 8 percent to $275,000.
Inventory remains a huge problem in the suburbs. All counties posted double digit declines in active inventory compared to a year ago, led by a 33 percent drop in Maryland’s Prince George’s County and a 23 percent drop in both Loudoun and Prince William counties in Virginia.
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