Surprise: DC-area April home sales hit 10-year high

WASHINGTON — Potential homebuyers in Washington may be having better luck finding what they want, be it from more listings or lowered buyer expectations. Closed sales in the D.C. metro area last month hit the highest level for an April in a decade.

Listing service Bright MLS says sales volume across the D.C. metro in April was $2.6 billion, up 9.5 percent from a year ago, reflecting both higher prices and more sales.

Compared to last year, closed sales were up 5.2 percent, a reversal of the prior four months of declines in year-over-year sales. And pending sales, or contracts signed to buy last month, were up 5.7 percent compared to a year ago.

More sellers are coming to market too, with new listings up 8.5 percent, pushing total active listings in April up 14.9 percent from March.

The median price of what sold in the D.C. metro in April was $450,000, up 3.1 percent from a year ago, according to Bright MLS.

Sellers received, on average, 99 percent of list price last month, the highest list-to-sale for an April in 10 years.

The City of Falls Church in Virginia remained the metro area’s most expensive housing market by jurisdiction, with a median selling price in April of $745,000, followed by the District, at $590,000, and Virginia’s Arlington County,  at $556,000.

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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