The median price of a house or condo sold in the Washington metro area in April was $475,000, up 5.6% from a year ago — and the highest monthly median sales price in the last decade.
The number of houses and condos on the market, or active listings, is down 9.7% from a year ago, and active listings remain well below historical levels, according to listing service Bright MLS.
Potential homebuyers in the D.C. area continue struggling to find what they like and can afford, and as a result, sales continue to fall. Listing service Bright MLS says closed sales in February declined for the seventh month in a row, down 5.7 percent from a year ago.
In Northern Virginia, January was an especially strong month for sellers. Realtors say open house visits so far this winter are on the rise, driven in part by anticipation over the arrival of Amazon’s second headquarters, or HQ2.
The Washington housing market continued a familiar yearlong trend in December with prices up, listings down and closed sales lower than a year ago, but there was one bright spot.
Listing service Bright MLS said the median price of what sold in the D.C. region in November was $449,500 — up 5.9 percent from a year ago and a record high for the month of November. D.C.-area home sales also hit monthly price records for November.
Home values rose in the D.C. region in September, but sales slowed and fewer homes were on the market, according to Bright MLS. Find out where prices rose the most.
The median price of homes that sold in the Washington metro in May reached the highest level in a decade, and despite continued low inventory, sales were also the highest for a May in 10 years.
The most expensive residential real estate sale in the D.C. region in 2017 may well have been the largest residential real estate sale in the area ever, and the house itself is a bit of a mystery.
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