• March 2017 median sales price was up $21,000 or 5.3% from this time last year.

  • March 2017 was the highest March median sales price in the last 10 years.

  • DC/MD/VA area sales were up 26.7% from last year.

  • New contracts in the area reached a 10 year high.

  • New listings were down almost 2%.

  • Active listings were down 11.5% vs last year but were up 15% vs last month.

  • Inventory has seen an 11 month consecutive decline. 

  • Median days on the market for March 2017 was 15 days, 12 days lower than this time last year.

Posted by Wm. Joe Preston on
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