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.

March 2017 Market Update