Strengthened by low-interest rates and a recovering local economy, the DC Metro area continued to see the record-setting median sales price, with gains particularly among higher-end homes.
Demand remained strong: new pending sales of condos/co-ops achieved double-digit increases for the fourth straight month, as the volume of new listings for the category continued to gain. As well, the days on the market for sold listings held at all-time lows.
About the DC Metro Housing Market Update
The DC Metro Area Housing Market Update provides unique insights into the state of the current housing market by measuring the number of new pending sales, trends by home characteristics, and key indicators through the most recent month compiled directly from Multiple Listing Service (MLS) data in ShowingTime's proprietary database. The DC Metro Area housing market includes Washington, D.C., Montgomery County, and Prince George's County in Maryland, and Alexandria City, Arlington City, Fairfax County, Fairfax City, and Falls Church City in Virginia. Data provided by MarketStats by ShowingTime, based on listing activity from Bright MLS.
About Bright MLS
The Bright MLS real estate service area spans 40,000 square miles throughout the Mid-Antarctic region, including Delaware, Maryland, New Jersey, Pennsylvania, Virginia, Washington, D.C., and West Virginia. As a leading Multiple Listing Service (MLS), Bright serves approximately 95,000 real estate professionals who in turn serve over 20 million consumers. For more information, please visit www.brightmls.com
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