May 2017 DMV Real Estate Market Numbers
Posted
by Wm. Joe Preston
on Monday, June 19th, 2017 12:33pm.
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The Washington DC Metro, Maryland and Virginia median sales price of $460,000 was up 7% compared to May of 2016.
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THIS IS AN ALL-TIME HIGH FOR ANY MONTH ON RECORD FOR THE DMV.
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DMV area sales volume was up 9.7% from May 2016.
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New contract activity was up 4.4% from May 2016.
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New listing activity was up 8.7% from May 2016.
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Active listings were down 10.9% from May 2016, 13 consecutive months of decline in inventory.
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Inventory at the lowest level since May 2013.