Washington D.C. and Baltimore Metro, prices set August records, but as more listings enter the marke
The Washington D.C. Metro median sales price of $442,250, was up $12,250 or 2.8% from last year and at the highest August level of the decade.
Sales volume across the DC Metro area was nearly $2.8 billion, up 4.1% from last year.
There were 5,064 closed sales in August, down a slight 0.2% compared to last year.
There were 4,747 new pending sales at the end of August, down 4.4% from last year.
Compared to last August, new listings were up 3.0% to 6,071 compared to last year. This was the highest level of new August listings of the last decade.
There were 9,681 active listings at the end of August, down 1.8% compared to last year. This is the 28th consecutive month of declines in year-over-year inventory levels, but it was the smallest year-over-year decline since last September.
The average percent of original list price received at sale in August was 98.0%, up from last year’s 97.8%.
The median days-on-market this month was 15 days, down three days from last year.